Beijing urged to print more money to help China cope with Donald Trump’s trade war
2018-09-17 10:04:22 source：The South China Morning Post
September 16, 2018
Beijing should loosen its monetary policy to boost domestic demand as a way of managing the threat of additional tariffs from Washington, a former senior official said on Sunday.
“We must fully play up the role of monetary policy in bolstering domestic demand” when Donald Trump’s trade war is directly hitting the country’s export sector, Zheng Xinli, former deputy director of the Central Policy Research Office of the Communist Party told a seminar in Beijing.
Speaking at Renmin University of China, Zheng said Beijing’s “prudent monetary policy”, which means it will not print more money to help growth, was binding its hands.
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