Wei Benhua, former deputy administrator of the State Administration of Foreign Exchange and former executive director for China at the IMF, said the country is in a good position to use fiscal and monetary policy to counter coronavirus shocks.
国家外汇管理局原副局长、中国驻国际货币基金组织原执行董事魏本华表示,现在国家很适合运用财政和货币政策来对抗新冠疫情的冲击。
Measured by any international standard, China's annual and cumulative fiscal deficits are much lower than those of developed countries, he added.
他补充道,如果用国际标准来衡量,无论当年赤字率还是总赤字占GDP的比例,中国的财政状况都比发达国家要好得多。
"China still has the potential to mobilize resources to support the economy. For example, we could continue to lower the RRR, lower interest rates and inject more liquidity into the economy," he said.
他说:“中国在存款准备金率、利率等政策工具使用上具有很大的空间,可以灵活地调动运用这些工具向经济注入流动性,支持经济发展。”
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