Last updated on February 8, 2020
Yu Yongding, a prominent economist in China and former central bank advisor, said on Friday that China should shelve its “critical battle” against financial risks and consider absorbing the losses of small enterprises hit by the new coronavirus.The government should cut interest rates, rethink its growth target for this year and use an even more expansionary fiscal and monetary policy than ordinarily needed to reach 6 per cent annual growth, said Yu Yongding. Banks should roll over loans . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !
Already have an account? Sign In