PBOC adviser says China still has room to adjust its policies
Ma Jun a member of the People's Bank of China's monetary policy committee
Speaking today at a forum in Beijing:
- "In the short term, there is still a lot of uncertainty about China-U.S. trade tensions. If there is a mini-deal, it would be a boon for China's economy next year. If not, and the tensions worsen, there will be rising downward pressure
- China still has room to adjust its counter-cyclical policies including fiscal, monetary and for real estate."
We heard something similar on policy space from a former PBOC head yesterday if memory serves.