2018-07-17

Turf Wars Resume: PBoC Blasts Fiscal Policy

Global Times: China’s central bank and finance officials clash over fiscal policy, local debt online
China's central bank and finance officials have been engaging in a row over the country's financial problems, with the research head of the People's Bank of China warning that the country's current fiscal policy is not active enough.

In a rare move, Xu Zhong, research head of China's central bank wrote an article published last week, where he openly criticized the country's fiscal policy, claiming that it is not being implemented actively.

The claims were rebutted by an article published on Monday, which claimed to have been written by an official who works in the finance system. It said that authorities have been working to increase the activeness of the current fiscal policy.

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