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China central bank adviser says no need to step up monetary easing: media

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The People's Bank of China does not need to step up its policy easing as an economic recovery is well under way and further stimulus could stoke property and stock bubbles, central bank policy adviser Ma Jun said in remarks published on Wednesday.

FILE PHOTO: Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo

China’s economy could grow more than 4% in the third quarter and over 6% in the fourth quarter, bringing the 2020 growth to around 2%, Ma was quoted by Sina Finance as saying. “If we boost stimulus, there could be some negative consequences, such as real estate and stock market bubbles.”

 

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