Vision Finland's Partners
SKAK Banner Thai-Finnish Chamber of Commerce Logo FBC Singapore Logo NordCham Indonesia Logo NordCham Philippines Logo
JMT Solutions banner Seven Stones Finland banner Asian Insiders Banner FTA Banner
China Asia Economy News

China Needs More Interest Cuts

timon studler vihc8 ZEng4 unsplash

China needs more interest rate cuts to ease corporate financing and household mortgage costs, political advisers and experts say.

A faster-than-expected credit expansion signals a nascent recovery in the nation’s financing demand. Both China’s new yuan loans and total financing to the real economy in January hit all-time highs of 4.92 trillion yuan ($683.9 billion) and 6.5 trillion yuan respectively, according to the People’s Bank of China.

However, other indicators show a lingering weakness in demand. The growth in the consumer price index stands at -0.8 percent year-on-year in January, staying in negative territory for four consecutive months, the National Bureau of Statistics says.

The manufacturing sector has contracted for the fourth month in a row as the sector’s official purchasing managers index came in at 49.2 in January, below the 50-mark that separates expansion from contraction, the NBS says.

Read the original news HERE.

Add Comment

Click here to post a comment


There are currently no events.