Bank of China - CC BY 2.0
TAGGED UNDER: Economy & Finance

Yu Yongding, a Beijing insider and expert speaker on macroeconomic issues, examines China’s "repressed" SMEs

Raleigh Addington
Raleigh Addington
editor at Chartwell Speakers

Yu Yongding speakerWriting for Project Syndicate, Yu Yongding, regarded by many as China’s pre-eminent monetary economist, reveals the underlying causes of high funding costs for Chinese businesses.

Yu asserts that although the State Council, China’s cabinet, made lowering funding costs for businesses, especially small and medium-size enterprises (SMEs), a top priority earlier this year, efforts to lower such costs have had “a limited impact.” To counter this, Yu argues that the People’s Bank of China should engage in monetary-policy loosening.

Despite the danger of undermining China’s economic-restructuring effort, Yu believes that such an approach can “avoid the pitfalls by placing it within a broader, more comprehensive strategy that accounts for the underlying causes of the increase in funding costs for businesses.” He goes on to outline the fundamental factors that are driving up funding costs.

Click here to read on.

For more information, or to book Yu Yongding as a keynote speaker for your conference or event, please contact Leo von Bülow-Quirk at [email protected] or call 0044 (0) 20 7792 8000.

share

View our related Speakers

Yu Yongding Speaker
Yu Yongding
China’s Leading Monetary Economist