PBOC’s Xu: China’s fiscal policy has room to support the economy

Dhwani Mehta FXStreet

Reuters reports the comments written by the People’s Bank of China (PBOC) Research Head Xu Zhong for a financial media website Wallstreetcn.com.

Key Points:

China’s fiscal policy has room to support the economy.

The central government’s fiscal deficit ratio should be higher this year than in 2017.

The government should use fiscal funds to replenish the capital of state-owned financial institutions and ease the strain in the financial market deleveraging.

PBOC to implement well judged, neutral monetary policy.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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