Uh-oh ... maybe the People's Bank of China adviser chucked that in just to get some attention?
Mission accomplished!
- China needs to open its market further as it seeks to invest more overseas
- China can open up its market more given increased ability to control risks
- China should invest more in real assets, rather than investing in US debt
(Headlines via Reuters))
Fan Gang, director of the National Economic Research Institute and a member of the People's Bank of China's (PBOC) Monetary Policy Committee, made the comments at the Boao Forum for Asia in southern Hainan province.
One of the potential Chinese responses, or at least threatened responses, to the 'trade war' with the US is to cut back on UST purchases. How likely that response is a subject of intense speculation. It isn't stopping the threat being aired though.
