1. The thin red line.
- Subjects
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MONETARY policy , *TWENTY-first century , *COVID-19 pandemic , *GOVERNMENT securities , *INTEREST rates , *GOVERNMENT business enterprises ,CHINESE economic policy ,ECONOMIC conditions in China, 2000- - Abstract
The article discusses monetary policies in China amid the covid-19 pandemic and a proposal to monetise the deficitmeets widespread scor. Topics include announcement of the finance ministry to issue the central and provincial governments 8.5trn Yuan in new bonds in 2020; options to cut interest rates to reduce banks' required reserves to expand the money supply; and plans to save many state-owned companies from defaulting.
- Published
- 2020