China's Vice Finance Minister Zhu Guangyao has denied that China is planning to introduce its own version of quantitative easing
The China Securities Journal (report via MNI) says
- The Ministry of Finance said over the weekend that the State Council has approved CNY1 trillion quota for local governments to sell bonds to replace their maturing borrowings at higher costs.
- Investors believe the PBOC could be a potential buyer of these bonds, in essence creating a Chinese version of QE.
- Zhu said it's not right to say quantitative easing but didn't elaborate
-
Investors: "Is too"
Zhu: "Is not"
Investors: "Is too"
Zhu: "Is not"
... And so on ....
