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Assessing China’s “Structural” Monetary Policy

Carol Liao

China Economist


Ms. Liao is a senior vice president and China economist based in the Hong Kong office. She is responsible for crafting the firm’s outlook for the Chinese economy and monetary policy, and identifying key regional macro risks and investment trends. Prior to joining PIMCO in 2020, she was the senior China economist at J.P. Morgan for three years. Previously, she served as the China economist at the International Monetary Fund from 2013–2016, where she helped formulate the IMF’s view on China macroeconomics and policies. Earlier in her career, she worked for the Hong Kong Monetary Authority. She has 12 years of investment and financial services experience and holds a Ph.D. in economics from New York University.

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