China may need more monetary and fiscal easing to halt an economic slowdown in the wake of torrential rains and flooding, and authorities' tough response to outbreaks of the highly-transmissible coronavirus Delta variant, economists say.
While calling China's zero-tolerance approach to containing the virus"increasingly costly", Lu Ting, chief economist at Nomura, said he expects Beijing to keep policy rates steady this year in favour of a mix of"targeted tightening" and universal easing. Standard Chartered, ING, OCBC Bank and Pinpoint Asset Management have also recently suggested possible further RRR reductions after the central bank surprised markets in July with a broad cut.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cycling: China break world record in women's team sprint at Tokyo OlympicsIZU, Japan: China's women broke their own team sprint world record with a time of 31.804 seconds to beat Lithuania in the first round at the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Olympics-Gymnastics-Liu leads China to one-two win in men's ringsLiu Yang led a China one-two in the men's gymnastics rings event final at the Tokyo Olympics on Monday, claiming a slim victory over compatriot ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Delta variant bears down on China just as its economy loses steamThe Delta variant poses new risks for the world's second-biggest economy as it spreads from the coast to China's inland cities and presents fresh ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
COVID-19: Delta variant bears down on China just as its economy loses steamBEIJING: The Delta variant poses new risks for the world's second-biggest economy as it spreads from the coast to China's inland cities and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
JPMorgan says China regulatory changes local, not global problemJPMorgan said on Monday that Chinese regulatory changes were a local, rather than a global problem and that the bank remained over-weight emerging ... JPMorgan they are heavily invested in china and are losing a lot now. It is a global problem. Local only. Thus all the global problem still bad. 🤔😱
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tencent falls after China media calls online gaming 'spiritual opium'Shares of online gaming companies, including Tencent Holdings and Netease Inc, tumbled on Tuesday after Chinese state media called the business ... 如同鸦片 China is not done yet, this is just the tip of the iceberg. Going after online entertainment next. Respect to China who clamp down on all these billionaire techies.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »