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DeepNewz, mobile.
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Chinese President Xi Jinping's call for the People's Bank of China to increase trading of government bonds to regulate liquidity has sparked discussions about a possible expansion of the PBOC toolkit. This move is seen as part of efforts to boost stimulus and achieve a growth target of around 5%.
Xi Jinping wants to reinvent China’s economy by cultivating “new productive forces”, displaying a long-sightedness that is distracting the country from more immediate concerns https://t.co/hA7q8HyiUM 👇
The People's Bank of China could pivot toward strategies used by other central banks in heeding a call by Chinese President Xi Jinping to "gradually increase the buying and selling of government bonds.” https://t.co/L8CoeLtlrf
#WSJ headline: Bond Comments by China’s Xi Hint at Possible Expansion of PBOC Toolkit.. “quantitative easing,”? in China 🇨🇳 let us know what you think
