BEIJING: China is in"no rush" to add a monetary stimulus to cope with downward pressure on the world's number-two economy, the head of the country's central bank said Tuesday .
He said there was no pressing need for big policy easing steps or to further cut the amount of cash lenders must keep in reserve to release more money into the stuttering economy. Some policy insiders have said that room for the government to step up stimulus measures could be limited by its worries about rising debt risks and possible property bubbles.
China's economy has also been hit by a bruising trade spat with the United States, with the two sides swapping tariffs on a total of US$360 billion worth of goods. Ning said cities including Xian, Kunming, Guiyang are considering abolishing or easing restrictions on auto purchases, following recent steps in Guangzhou and Shenzhen.
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