Liu He, director of the Central Leading.......>

CHINA: Liu He, director of the Central Leading Group for Financial and Economic

Affairs, the top economic policy-marker of China, said Wednesday China should

continue with its risk removing campaign and that the country is making efforts

to control the leverage ratio. Speaking at the WEF in Davos, Liu again said that

the impact of monetary policy from other leading global economies should be

closely watched, indicating the country may react to policy adjustments by the

Fed and ECB. Liu added that the changes in stock, bond and commodities market

should be closely watched, and that labor productivity was a medium-term

concern. He echoed President Xi Jinping's target suggesting China's economy will

turn to high-quality development from the previous rapid growth. China is

expected to move from the GDP-dominant model at some point and enforce

comprehensive reform. He also argued that China will guarantee the

multilateralism and support the multinational trading system, while Chinese

state media repeatedly criticized the Trump government's unilateralism bias in

international trade.