Elderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: Reuters
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

Why the People’s Bank of China is easing monetary policy carefully, with a chisel not a sledgehammer

  • This month, China’s central bank cut lending rates by just 5 basis points. Unlike during previous slowdowns, the PBOC is keen to avoid flooding the economy with liquidity and starting another boom-bust cycle

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Elderly depositors seek information about the safety of their savings at a branch of Yingkou Coastal Bank in Yingkou, Liaoning province, on November 8. China’s cuts in lending rates to shore up a slowing economy have put more pressure on small banks like Yingkou. Photo: Reuters
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Cars from German auto giant Audi are on display at an auto show in Shanghai in April 2019. A driver of Europe’s economic slowdown is the collapse in demand for cars in China. Photo: Reuters
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

The world economy is headed for a recession. China won’t be there to save it this time

  • China’s economic health is important to the world not just because of its importance as a buyer and supplier, but also because of anxieties that it is less well placed to provide the massive stimulus it did after the 2008 financial crash

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Cars from German auto giant Audi are on display at an auto show in Shanghai in April 2019. A driver of Europe’s economic slowdown is the collapse in demand for cars in China. Photo: Reuters
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