San Fran Fed’s Williams says Chinese government ‘realistic’ about growth
‘Measured approach’ may lead China to adjust reform timetable
Federal Reserve Bank of San Francisco president John Williams said the "measured approach" of the Chinese authorities towards growth could lead to them "extending the horizon for some of their reforms" in a speech on July 8.
Addressing the International Conference of Commercial Bank Economists, Williams noted that China has both "the will and the leeway to take the necessary policy actions" to address any slowdown in growth, but is also "realistic" about what it should be aiming for.
"Most
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