China central-bank adviser proposes structural reforms to revive economy

SHANGHAI, Sept 24 - China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday.

Fiscally, Chinese governments at various levels are under stress, he told the annual Bund Summit conference. Liu proposed on Sunday a new round of structural reforms that could aid the economy immediately, while also injecting long-term growth momentum.

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