by Dramelin 10:00 PM 0 comments

Central bank chief Zhou Xiaochuan on Sunday called for greater use of fiscal policy to grapple with domestic growth and structural problems.
"After so much quantitative easing in monetary policy, we may have reached an end of this period," he said in what could be his last appearance at the forum as central bank governor.
Monetary policy, he said, could be left to handle reflation, prevent an outbreak of financial risks and counter the spillover ?effects of an interest rate upcycle across the Pacific.
His one black mark is the loose monetary policy associated with former premier Wen Jiabao`s all-out stimulus response to the global financial crisis.
Widely regarded as a reformist and capable technocrat, Zhou revamped the state banking system, developed the country`s central banking scheme, liberated interest rates and promoted yuan internationalisation.