The People’s Bank of China (PBOC), China’s central bank, has added liquidity through six cuts to the reserve-requirement ratio since the start of 2018, but has not shifted the more powerful one-year lending rate since 2015. Photo: Bloomberg

China may cut benchmark interest rate before Lunar New Year as ‘existing measures are not sufficient’

  • The People’s Bank of China, China’s central bank, has not shifted the more powerful one-year lending rate since 2015
  • Barclays Plc economists, led by Jian Chang, say ‘existing measures are not sufficient’
Topic |   China economy

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The People’s Bank of China (PBOC), China’s central bank, has added liquidity through six cuts to the reserve-requirement ratio since the start of 2018, but has not shifted the more powerful one-year lending rate since 2015. Photo: Bloomberg
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China’s economy last year expanded at its slowest pace in nearly three decades. Photo: Reuters

China says it has no motivation to inflate data as Beijing pursues slower but ‘quality growth’

  • National Bureau of Statistics official has conceded that there were problems before in compiling data but they have been ‘dealt with’
  • Majority of the country’s 31 provinces have lowered growth targets for 2019, according to state media reports
Topic |   China economy

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China’s economy last year expanded at its slowest pace in nearly three decades. Photo: Reuters
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