KGB: ANZ's Liu Li-Gang

ANZ Bank's chief Greater China economist says Beijing may be behind the curve on economic stimulus, while ambitions to internationalise the renminbi are very real and could see the unit traded directly with the Australian dollar in the near future.

ANZ's Hong Kong-based chief Greater China economist Liu Li-Gang tells Alan Kohler and Stephen Bartholomeusz:

The sharp reduction in China's latest inflation figures is both good and bad news, and more stimulus is expected.

The People's Bank of China may be behind the curve in engineering a cyclical upturn in the Chinese economy.


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