senior Chinese official has given a cautious endorsement to the radical monetary easing policies in Japan and the US, calling them necessary but not sufficient to trigger economic recoveries.
The comments by Jin Liqun, who chairs the supervisory board at China Investment Corp, the sovereign wealth fund, could help alleviate concern about “currency wars” by showing that influential figures in Beijing understand and, within reason, support the aggressive bond-buying programmes launched by central banks in developed economies.
“Monetary easing might be helpful but the role is very much limited,” Mr Jin said. “It is a necessary but not sufficient condition.”
您已阅读21%（660字），剩余79%（2455字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。