PBoC adviser calls for new tools to boost consumption
Senior official recommends “structural” monetary policies as annual political meetings kick off
The People’s Bank of China should explore new monetary policy tools to boost consumption, an adviser to the central bank has said.
Speaking to the China Securities Journal today (March 4), Wei Gejun said boosting consumption and domestic demand was the “top priority” on the current economic policy agenda.
Wei, who is also a member of the Chinese People’s Political Consultative Conference (CPPCC), the country’s top political advisory body, suggested the PBoC establish new “structural monetary
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