Guonan Ma: How tight is China’s monetary policy?

How tight is China’s monetary policy?
– has China’s monetary policy stance been too restrictive lately? If so, how should the PBC ease monetary policy?
by Guonan Ma on 11th June 2014

There have been definite signs of monetary loosening in China in recent weeks. Nevertheless, for almost a year, the debate continues to rage over whether the People’s Bank of China (PBC) should loosen its monetary policy more meaningfully in a situation of weakening domestic demand (see Chinese reports by Caijing). Has China’s monetary policy stance been too restrictive lately? If so, how should the PBC ease monetary policy?

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