Xie Duo, of the People's Bank of China, on the global economic recovery

 Xie Duo, Director of the International Department of the People’s Bank of China, on monetary policies to continue global economic recovery:
"Major advanced countries are maintaining their sovereign debt at a very high level and holding loose monetary policy, which has pushed so much capital to flood into emerging economies and consequently caused significant risk to the latter. Therefore, developed countries should take prudent macroeconomic measures to avoid risk."