The People's Bank of China may well cut the reserve requirement ratio for banks in the fourth quarter. Photo: Reuters
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Beijing should not take any chances with the slowing economy

  • The recent boost to monetary and fiscal easing is a step in the right direction, but more action is needed, given the mounting risks
  • With stable financial markets, and bold measures in the US and Europe, expectations are growing for China to cut taxes and interest rates, and provide support for infrastructure investments and consumption subsidies

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The People's Bank of China may well cut the reserve requirement ratio for banks in the fourth quarter. Photo: Reuters
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