China must develop bond market - PBOC official

China needs to foster more domestic consumption to drive the nation's economy, and also develop its bond market, an official with the People's Bank of China said.

"Investment has been the main driver of economic growth in China, but we can't fully rely on investment to drive GDP," the deputy director general of the research department for the People's Bank of China (PBOC), Zhang Tao, said at a construction summit in Beijing.

"We must rely more on domestic consumption to maintain high economic g

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: