Zhou says China is ready for bolder reform

Zhou Xiaochuan
Zhou Xiaochuan is about to step down as PBoC chief
IMF/Stephen Jaffe

China has now transited to a new growth model and has a stable enough leverage ratio for it to be bolder in its reforms and liberalisation, People’s Bank of China (PBoC) governor Zhou Xiaochuan said today (March 9).

In what was likely to be his last press conference before he retires as central bank chief in April, Zhou commented on a wide range of topics on the Chinese economy, including financial reform and development, monetary policy, financial risk, cryptocurrency and even Hong Kong’s fina

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