In Conversation with GROW – Outlook for China’s Economy
Beyond Markets
00:00
The Reluctant Policymakers to Rescue the Demand and Pull Us Out of the Trough
I think the condition is ripe for MMT experiment. Usually you can issue bonds and then central bank could bring money to buy them. It's possible but because of historical reason, if you look at one of the greatest inflationary periods in Chinese history. So I think that's a painful history that left a self-retrana in the Chinese family.
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