China is not about to launch its own quantitative easing (QE) by having its central bank buy local government bonds, the chief economist at the People's Bank of China was quoted by local media as saying on Tuesday.
Ma Jun told Yicai.com in an interview that China's central bank has enough monetary policy tools at its disposal to sustain reasonable growth in liquidity and money supply.
His remarks come after banking shares rallied on Tuesday on speculation that the central bank was considering new ways to inject liquidity into banks. Ma confirmed separately that his interview with Yicai.com was accurate.
