Former Finance Minister Lou Jiwei, speaking on "the future direction of fiscal and monetary policies across countries," said the likelihood of the current global economic downturn turning into a great depression is small. Regarding China, Lou believes it is now time to begin studying an orderly exit from loose monetary policy. However, he added, "I only said it's time to start studying—it doesn't mean we should exit immediately." Lou emphasized that the pace of withdrawal must be well managed and conducted in an orderly manner, hence early research is essential. Globally, though, this topic remains premature.
Add to Favorites
Share to Social Media
