Workers spread incense sticks to dry after dyeing them at a workshop in Quanzhou in Fujian province, in March. China’s central bank cut the reserve requirement ratio in a bid to encourage lending to small and medium-sized enterprises. Photo: Reuters

China’s monetary policy loosening is a sign that the central bank is gearing up for a fight

Aidan Yao says the People’s Bank of China looks set to do some heavy lifting in the coming months and investors can expect tough times ahead

Topic |   China economy

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Workers spread incense sticks to dry after dyeing them at a workshop in Quanzhou in Fujian province, in March. China’s central bank cut the reserve requirement ratio in a bid to encourage lending to small and medium-sized enterprises. Photo: Reuters
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