Monday, December 21, 2015
China's Financial Officials Should Value the Importance of International Communication
ANBOUND
The international community is still often confused with the decision making departments in China, including the central bank and they have repeatedly urged China's central bank to improve its communication channels with other countries’ central banks.
The lack of communication will not only reduce the credibility and effectiveness of China’s monetary policy, but also impede China from obtaining greater say in international financial affairs.
China should begin by ensuring that its decision makers value the importance of effective communication and improve on areas such as the competency level of its officials, the transparency of its decision making mechanism and the effectiveness of its communication mechanism.