中文|한국어|日本語
News Hotline:0531-85876663
点击这里给我发消息

China can maintain 6% growth in 2020, ex-PBOC deputy governor Zhu Min says

2020/1/22 10:56:00   source:CGTN

China will broadly be able to maintain its current growth rate through 2020, Zhu Min, chairman of the National Institute of Financial Research at Tsinghua University, said on Monday.

Zhu, a former deputy governor of the People's Bank Of China (PBOC), told the Reuters Global Markets Forum that it was "very reasonable" for the world's second largest economy to grow at a rate of six percent annually, adding that local monetary policy will remain neutral this year due to concerns about high debt levels.

"Infrastructure investment is good in many cases; but China has already done a lot in that area," Zhu said. "There is still room for investing in high speed railways and subways, which is a relatively new infrastructure being established in China."

"I don't see a huge need in cutting interest rates," he added, continuing "...liquidity will move into the real sector. Overall, they (PBOC) will maintain policy."

In terms of the China-U.S. trade relationship, progress on solving the phase two negotiations in the China-U.S. trade war depends on the United States, Zhu said ahead of the annual meeting of the World Economic Forum (WEF) in the Swiss ski resort of Davos.

Related Stories

Photos

Sponsor:Information Office of Shandong Provincial People’s Government