While China has pledged to push forward with a deleveraging campaign to cut debt levels and prevent systemic risks, more and more signs are emerging recently showing the authority may loosen its monetroy policy marginally to help stabilise the economy in the face of a looming trade war with the United States.
China pledged targeted cuts in banks’ reserve requirement ratio (RRR) and other policy tools to boost lending to small and micro companies, according to China’s state-run radio station quoting a meeting of the Standing Committee of the National People’s Congress chaired by the Premier Li . . .
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