Bloomberg News

Ex-CBRC Head Says Monetary, Fiscal Policies Need Coordination

November 09, 2011

Nov. 10 (Bloomberg) -- Nations should enhance coordination of monetary policies with fiscal policies, especially in emerging economies in which structural problems are the biggest challenge, said Liu Mingkang, the former chairman of the China Banking Regulatory Commission.

Liu, speaking at a conference in Beijing today, also said there was a lack of regulatory “checkup” or boundary in shadow banking, without elaborating.

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