CIC chair tells Davos central banks must ‘mop up' excess liquidity

The chairman of the supervisory board of China Investment Corporation and a former member of the People's Bank of China's monetary policy committee today said central banks must provide assurances that they will "mop up" excess liquidity once their economies return to growth.

Speaking on a panel at the World Economic Forum in Davos, Jin Luqin said while China has tackled the financial crisis through fiscal expansion, that option was not open to many other countries, which have taken a monetary p