中国人民银行有足够的空间实行宽松的货币政策。 事实上，截至去年底，中国仍有22.7万亿人民币的法定准备金，相当于GDP的36 % 。
Indeed, at the end of last year, China still had CN¥22.7 trillion of statutory reserves, amounting to 36% of GDP, that had long been used to “sterilize” its large foreign-exchange holdings.