Policy talk heats up on mixed factory data

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The Star 2h ago

Policy talk heats up on mixed factory data - The Star

Quick Summary:

CHINA's manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country's annual growth target, economists and analysts said.

On the monetary policy front, there is room for further monetary policy easing, including reductions of the reserve requirement ratio and interest rate cuts.

The PBOC bought a net face value of government bonds worth 100 billion yuan ($14 billion) in open market operations in August, injecting liquidity into the market.