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QE is not necessary for China – PBOC officials

There have been wide discussions over whether China's central bank should buy stocks and treasury bonds, actually conducting quantitative easing to stimulate the economy, officials from the People's Bank of China (PBOC) gave a clear answer - not necessary.

In a recent press conference, Zhou Xuedong - spokesman of the PBOC, Sun Guofeng – director of the monetary policy department of the PBOC, Ruan Jianhong, head of survey and statistics department of the central bank and Tao Ling, deputy head of the Financial Stability Bureau under the central bank, answered questions about China's monetary policy, shadow banking, financial deleveraging and . . .

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