More Safe Assets Should Be Issued to Make Use of Market Liquidity, Morgan Stanley’s Chief Economist Says
Zhang Yangyang
DATE: Jul 23 2024
/SOURCE: YICAI
(Yicai) July 23 -- PBOC's recent monetary operation is to stabilize currency rate and improve interest rate corridor mechanism, said Robin Xing, chief economist at Morgan Stanley. Moreover, China should increase the issurance of long-term state bonds to support consumption, Xing noted.
