It lacks both transparency and effectiveness, said Ding shuang, senior china economist at citigroup in hong kong. On this year's policies, i can say i have no clue of their reasoning.
On rransparency, governor Zhou Xiaochuan's past comments suggest he is less wedded to the global push for clearer policy signalling and prefers to let actions speak for themseleves. in May, he said forward guidance adopted by the fed when it was running out of policy options may not serve china, which still has room to send clear messages via policy moves.