PBOC Adviser Liu: China's potential growth below 6% over next five years
|Liu Shijin, a policy adviser to the People’s Bank of China (PBOC), said at a conference in Beijing over the weekend, China’s potential economic growth will be below 6% over the next five years, per Reuters.
Key Quotes:
“The economy could grow between 5% and 6% from 2020 to 2025.”
“China’s monetary policy is already quite loose, and attempting to stimulate the economy to grow faster than its potential could cause it to fall off a cliff.”
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