Bundles of 100 yuan notes are pictured at a bank in Shanghai. The People’s Bank of China (PBOC) is expected to join a global monetary easing cycle led by the US Federal Reserve and the European Central Bank. Photo: Kyodo

China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens

  • Beijing wants businesses and consumers spend more and save less, with consumption growth remaining anaemic in the world’s second largest economy
  • Analysts expect China to gradually slash lending rates to join global monetary easing led by Federal Reserve and European Central Bank
Topic |   China economy

TOP PICKS

Bundles of 100 yuan notes are pictured at a bank in Shanghai. The People’s Bank of China (PBOC) is expected to join a global monetary easing cycle led by the US Federal Reserve and the European Central Bank. Photo: Kyodo
READ FULL ARTICLE