Trade dispute causes PBoC ‘a lot of problems’ – Peking University's Xiao Geng
New Financial Stability and Development Board has the power to curb regional excesses
The trade dispute that has flared up between China and the US during the past year is causing “a lot of problems” for monetary policy implementation by the People’s Bank of China (PBoC), according Xiao Geng, a professor of practice at the Peking University HSBC Business School in Shenzhen.
“The confidence in the economy has been threatened. The private sector and foreign investment companies are all waiting to see the results of the trade war negotiations,” Xiao said. “There has been an obvious
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