China ex central bank adviser proposes $1.4 trillion in stimulus measures
HONG KONG - China could issue ultra-long-term treasury bonds within two years to generate at least 10 trillion yuan worth of stimulus to the economy, a former central bank adviser said on Saturday, according to state media.
Liu said the world's second-biggest economy should not copy the quantitative easing of developed countries because China's macroeconomic policy should aim at ensuring stability and balance during a"medium-speed growth stage". August economic data showed momentum in China's export-led economic recovery remains frail. Domestic demand struggled to gain traction amid persistent deflationary threat.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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