China has limited room for more monetary policy easing, and should pursue reforms such as encouraging entrepreneurs and giving migrant workers access to public services, the adviser said.
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank , in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File PhotoSHANGHAI, Sept 24 - China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday.
Fiscally, Chinese governments at various levels are under stress, he told the annual Bund Summit conference. Liu proposed on Sunday a new round of structural reforms that could aid the economy immediately, while also injecting long-term growth momentum.
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