“The government has made it very clear that if there’s a need, both fiscal policy and monetary policy can step up. Basically, it will be data-driven,” Huang said. He called the economy’s performance so far this year “reasonably good.”
China’s economy got off to a good start this year and authorities are ready to deploy more stimulus if growth loses momentum, a center bank adviser said.
Huang Yiping, a member of the Chinese central bank’s monetary policy committee, said a stimulus package announced September has stabilised the economy and allows policymakers to focus on structural reforms. Boosting business and consumer confidence is now key, he told Bloomberg TV on the sidelines of the Boao Forum for Asia on Wednesday.
