China can raise reserve requirements further: PBOC adviser

BEIJING (BestGrowthStock) – China has scope to raise banks’ reserve requirements further, an academic adviser to the People’s Bank of China said on Friday.

Xia Bin, who sits on the central bank’s monetary policy committee, also told reporters that he supports a move to make real interest rates positive.

(Reporting by Aileen Wang and Kevin Yao; Editing by Ken Wills)

China can raise reserve requirements further: PBOC adviser