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G20 meeting of financial ministers, central bankers fails to produce communiqué

The G20 countries should promote the mechanism’s role as a key platform for global economic cooperation and curb serious negative spillover effect of the policy adjustments by certain countries, China s Finance Minister Liu Kun said during a video speech at the third G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting over the weekend.
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Calls for China rate cut gains momentum

China should lower interest rates and boost infrastructure investment to ensure the economy would grow by at least 5 percent next year, an influential Chinese think tank said.
Authorities need to boost domestic demand, including consumption and investment, to counter the property slump and any slowdown in exports, Zhang Bin (張斌) and Zhu He (朱鶴), research fellows at China Finance 40 Forum (CF40), wrote in an article on Monday.
CF40 is a Beijing-based think tank whose members include People’s Bank of China (PBOC) Deputy Governor Chen Yulu (陳雨露) and Sun Guofeng (孫國峰), the head of the bank’s monetary policy department.
Policymakers should ....

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