Yi Gang, governor of the People's Bank of China, talks during an interview in Beijing on June 7. Due to the priority Beijing places on deleveraging, few analysts anticipate that the PBOC will join the global trend of policy easing. Photo: BloombergYi Gang, governor of the People's Bank of China, talks during an interview in Beijing on June 7. Due to the priority Beijing places on deleveraging, few analysts anticipate that the PBOC will join the global trend of policy easing. Photo: Bloomberg
Yi Gang, governor of the People's Bank of China, talks during an interview in Beijing on June 7. Due to the priority Beijing places on deleveraging, few analysts anticipate that the PBOC will join the global trend of policy easing. Photo: Bloomberg
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

China’s slowing economy won’t push it into joining the global rate-cutting cycle. Here are three reasons why

  • Concern over capital outflows, the need to deleverage and Beijing’s independent monetary policy mean the PBOC won’t cut rates, even as economic worries encourage other central banks to do so

Yi Gang, governor of the People's Bank of China, talks during an interview in Beijing on June 7. Due to the priority Beijing places on deleveraging, few analysts anticipate that the PBOC will join the global trend of policy easing. Photo: BloombergYi Gang, governor of the People's Bank of China, talks during an interview in Beijing on June 7. Due to the priority Beijing places on deleveraging, few analysts anticipate that the PBOC will join the global trend of policy easing. Photo: Bloomberg
Yi Gang, governor of the People's Bank of China, talks during an interview in Beijing on June 7. Due to the priority Beijing places on deleveraging, few analysts anticipate that the PBOC will join the global trend of policy easing. Photo: Bloomberg
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