The People's Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to ...
The People's Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to depreciation of the yuan currency, central bank policy adviser Ma Jun said in remarks published on Sunday.
China's leaders have pledged to take more steps to support the virus-ravaged economy, prompting a heated debate among economists and advisers over whether the central bank should monetize its fiscal deficit through quantitative easing.
The amounts of special treasury bonds and local government special bonds issued this year could not be too big, and they could be handled by the existing policy framework, Ma said.
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