11 Apr 2014
China stimulus should be very cautious - PBOC Yi Gang
FXStreet (Bali) - According to People’s Bank of China (PBOC) Yi Gang, China stimulus should be very cautious.
The comments add to China Premier Li remarks from yesterday, in which he was skeptical over short term stimulus measures to deal with short term volatility.
Gang added that "China shift to medium-high growth is normal", also noting that "Yuan decline is basically a market movement", and that " perfectly fine with recent yuan decline, not being a big deal." On growth, Gang said that a bit less of 7.5% is ‘acceptable’.
The comments add to China Premier Li remarks from yesterday, in which he was skeptical over short term stimulus measures to deal with short term volatility.
Gang added that "China shift to medium-high growth is normal", also noting that "Yuan decline is basically a market movement", and that " perfectly fine with recent yuan decline, not being a big deal." On growth, Gang said that a bit less of 7.5% is ‘acceptable’.