The People’s Bank of China will slash the reserve requirement ratio by 0.5 percentage points on Thursday, unleashing 1 trillion yuan (US$154 billion) worth of liquidity into the interbank system. Photo: Bloomberg
The People’s Bank of China will slash the reserve requirement ratio by 0.5 percentage points on Thursday, unleashing 1 trillion yuan (US$154 billion) worth of liquidity into the interbank system. Photo: Bloomberg

China ‘recession’ risk sparks ‘unease’ in economic circles, with warnings of quarterly slowdowns

  • Consumption outlook in year’s second half ‘remains pessimistic’, and capital outflow could result in ‘yuan depreciation’ and give rise to asset bubbles
  • Bearish economist says China is in late-stage stagflation and warns that real estate and exports will drag on the economy in the coming months

The People’s Bank of China will slash the reserve requirement ratio by 0.5 percentage points on Thursday, unleashing 1 trillion yuan (US$154 billion) worth of liquidity into the interbank system. Photo: Bloomberg
The People’s Bank of China will slash the reserve requirement ratio by 0.5 percentage points on Thursday, unleashing 1 trillion yuan (US$154 billion) worth of liquidity into the interbank system. Photo: Bloomberg
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