Economics
More China Stimulus Is Coming, But Not The Big Guns Yet
- PBOC likely to lower banks’ reserve ratio requirements
- But economists say hefty fiscal stimulus will be needed
This article is for subscribers only.
China is preparing to inject more cash into the financial system, as the slowing economy faces further pressure in the form of slumping global demand from the coronavirus pandemic.
While the central bank is expected to encourage bank lending by lowering the reserve requirements in the coming days, a blitz of data on Monday is expected to lay bare the scale of stimulus needed to reboot the $14 trillion economy.