China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters
China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters

China should learn global financial crisis to combat economic slowdown, central bank says

  • People’s Bank of China pressured to cut interest rates to stabilise economic growth, but senior official says country should use ‘institutional advantages’ instead
  • Comments come days ahead of the Central Economic Work Conference, at which top officials will set the economic policy priorities for 2020

China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters
China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters
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