China central bank sees more growth steps but nothing ‘drastic’

Quick Summary:

It comes after key indicators for July suggested the country’s economic growth remains lacklustre.

Our base-case is two or three 10 basis point reductions before year-end, depending on China’s economic performance in the third quarter.

Retail sales gains remained subdued, while investment growth weakened – underscoring a faltering in domestic demand amid a prolonged downturn in the housing market.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Policy State Economic Pboc China Financial Monetary China’s Rates Central Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 10:03:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 24 lines

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Copyright Owner: © The Straits Times

News ID: 22092434

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