News Snapshot:
Central bank head says China must not monetize deficit - state media (Adds details, quotes) BEIJING, Nov 30 (Reuters) - China must not monetize its fiscal deficit and should build a "firewall" between fiscal and central bank funds to ward off risks, central bank governor Yi Gang was cited as saying by the official Shanghai Securities News on Monday. A virus-induced slump in China's economy earlier this year sparked a debate among Chinese economists over whether the central bank should monetize the fiscal deficit by buying government bonds, also known as quantitative easing. "We must implement an independent financial budget...
