ntum weakens, said Huang Yiping, deputy dean of Pe

eking Univer上海419sity’s National School of Development and a former member of the central bank’s monetary policy committee.

“But the adoption of (overly aggressive) macro-polices should be avoided” and there is no need to r

epeat 2009-type stimulation this time, Huang said last week. “Because it could have negative c

onsequences, including excessive production capacity, inflation and asset bubbles.”

Finance ministers and central bank governors from the G20 group gathered in Fukuoka, Japan, over the weekend and discuss

ed possible impacts of escalated China-US trade tensions on economic growth. The International Monetary F

und and the World Bank have recently downgraded their global growth projections for the next two years.

Finance Minister Liu Kun warned at the G20 meeting that protectionism co

uld hurt global growth. “All parties should pay close attention to downside risks and joint

ly protect the rule-based multilateral mechanism. Trade disputes should be resolved on a basis of fairness and ra

tionality,” said Liu, according to a statement on the ministry’s website on Sunday.

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