A lone worker eats during lunch break at a factory canteen in Wenzhou, China, on February 27. China is working to get its factories and its economy back up and running. Photo: AFP A lone worker eats during lunch break at a factory canteen in Wenzhou, China, on February 27. China is working to get its factories and its economy back up and running. Photo: AFP
A lone worker eats during lunch break at a factory canteen in Wenzhou, China, on February 27. China is working to get its factories and its economy back up and running. Photo: AFP
Hao Zhou
Opinion

Opinion

Macroscope by Hao Zhou

China’s mulling of a ‘surprise’ deposit rate cut suggests a need to shore up coronavirus-hit economy

  • A cut in the sidelined official one-year deposit rate, unchanged since 2015, is unlikely to push down the cost of loans for battered companies. But the central bank’s hint that it is considering the move signals more policy measures may be required

A lone worker eats during lunch break at a factory canteen in Wenzhou, China, on February 27. China is working to get its factories and its economy back up and running. Photo: AFP A lone worker eats during lunch break at a factory canteen in Wenzhou, China, on February 27. China is working to get its factories and its economy back up and running. Photo: AFP
A lone worker eats during lunch break at a factory canteen in Wenzhou, China, on February 27. China is working to get its factories and its economy back up and running. Photo: AFP
READ FULL ARTICLE