In fact, the PBOC has little choice but to engage in monetary-policy loosening. But it can avoid the pitfalls of such an approach by placing it within a broader, more comprehensive strategy that accounts for the underlying causes of the increase in funding costs for businesses.
事实上，人行几乎别无选择，只能进行货币政策宽松。但它可以通过更广、更全面的策略实施宽松，针对企业融资成本上升的根本原因，从而避免货币宽松政策的陷阱。