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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

Published On: January 16, 2020 07:39 AM NPT By: Miao Yanliang

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?

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China’s banking revolution

Published On: March 11, 2019 01:00 AM NPT By: Miao Yanliang

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

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