Interest Rates: China and Qe

interest rates: How can the PBC maintain normal monetary policy amid a rising tide of QE It can do this because the slowdown pressure on the Chinese economy is fundamentally different from the economic crisis that occurred in Western economies, according to Global Times China. A flood-like monetary stimulus policy is not indispensable for China. In this context, Yi Gang, governor of the People's Bank of China PBC China's central bank, said in a signed article published on Sunday that China will not resort to quantitative easing QE even as the world's major economies are approaching interest rates of zero. This round of QE, which was first introduced by the US to deal with the devastating impacts of the 2008 financial crisis, is facing the challenge of losing its economic stimulus effect in major developed countries while bringing more side effects. The introduction of QE effectively resolved the problems and prevented economies and asset prices from spiraling downward, but now it is no longer working. In 2008, normal monetary policy had lost its effectiveness in dealing with the impact of a financial crisis. (news.financializer.com). As reported in the news.