A vendor waits for customers at her shoe stall in Nanjing, Jiangsu province. Without an interest rate cut, heavily indebted sectors or companies will be disappointed, according to Benny Manu, chairman of the Hong Kong Securities Association. Photo: Reuters
Cathy Zhang
Opinion

Opinion

Across The Border by Cathy Zhang

PBOC sticks to prudent policies to keep the yuan stable

Central bank says any cuts to bank reserve requirements could put downward pressure on the Chinese currency and the country’s foreign exchange reserves

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A vendor waits for customers at her shoe stall in Nanjing, Jiangsu province. Without an interest rate cut, heavily indebted sectors or companies will be disappointed, according to Benny Manu, chairman of the Hong Kong Securities Association. Photo: Reuters
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