Miao Yanliang

Miao Yanliang

Miao Yanliang is a member of the China Finance 40, a Beijing think tank. The views expressed here are the author’s own.

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Dilemma of Central Banking

Dilemma of Central Banking

BEIJING – Low interest rates—both nominal and real—have been a persistent feature of advanced economies since the 1980s. How long, many now wonder, can the trend last?

BEIJING – Low interest rates—both nominal and real—have been a persistent feature of advanced economies since the 1980s. How long, many now wonder, can the trend last?

China’s banking revolution

China’s banking revolution

Today, People’s Bank of China is undergoing its own quiet revolution. Like the Fed before it, China’s central bank is becoming more communicative

Today, People’s Bank of China is undergoing its own quiet revolution. Like the Fed before it, China’s central bank is becoming more communicative