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China Should Strengthen Policy Coordination-Guan Tao

CHINA PRESS
MNI (Singapore)

China should strengthen the coordination of fiscal and monetary policy to better support enterprises and help stabilise employment, Guan Tao, a former official and now chief economist at BOC Securities wrote in a blog post. China can learn from the practice of the U.S. and the UK to rescue enterprises by providing liquidity support and improving companies’ solvency to help them repair their balance sheets, said Guan. The central bank can also launch new structural tools to support the key areas and weak links of the economy, Guan added.

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