On June 4 at 9:30am EDT
we held an in-depth discussion about China s economic policy in view of the announcements coming out of the NPC (National People s Congress). Questions tackled by the panelists included: How robust are China s fiscal expansion policies? How should we calculate China s fiscal deficit and how will China monetize it? What is the Special Government Bond and how will it be used? How much more can the PBoC ease its monetary policy? How will the monetary and fiscal authorities coordinate? And how will these policies affect RMB and capital flows?