China's central bank adviser proposes structural reforms to revive economy

China's room for further monetary policy easing is limited, according to a central bank adviser. Instead of relying on macroeconomic policies, the adviser suggests pursuing structural reforms such as encouraging entrepreneurship to revive growth. The economy has struggled despite previous monetary and fiscal measures, with weak consumption, falling exports, and a deepening property debt crisis. https://ift.tt/3oRIOXY