China's monetary policy has ample room and sufficient tools, including further cutting banks' reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday.
China's economy grew just 0.4% in the second quarter from the same period last year, down sharply from 4.8% growth for the first three months, the government said on Friday, as widespread lockdowns to extinguish outbreaks of COVID-19 hobbled the world's second-largest economy.
"In terms of coping with new challenges and changes that may exceed expectations, monetary policy has sufficient space and ample tools."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US and China dispute warship interaction near South China Sea islandsA U.S. destroyer sailed near the Paracel Islands in the South China Sea, angering the Chinese military.
Weiterlesen »
Draft bill would ban CDC, NIH from funding lab research in ChinaA proposal moving through Congress to bar the National Institutes of Health and the Centers for Disease Control and Prevention from funding research laboratories in China is sparking concern among scientists.
Weiterlesen »
Why are Republicans John Rutherford and Rob Wittman helping China to defeat the US Navy?The threat of a U.S. war with China is far greater than commonly understood. Most U.S. military and intelligence analysts believe Xi Jinping is likely to conduct an invasion of Taiwan by 2030. Tensions in the South China Sea are escalating in tandem, as China attempts to dominate trillions of…
Weiterlesen »
Native Americans may have had roots in Southern China, study revealsA recent study published in the journal Current Biology suggests that Native Americans may have come from southern China.
Weiterlesen »
Saudi Arabia's Ties to the U.S. and China Are Not Mutually Exclusive, Minister Says“We build bridges with people; we don’t see one as exclusive of the other,” Saudi Minister of State for Foreign Affairs Adel al-Jubeir told CNBC.
Weiterlesen »
Nonprofit investment fund aims to bring tech edge, jobs back to US from ChinaAmerica's Frontier Fund is seeking to draw investment back to the United States so it can better compete with China on tech, amid fears the U.S. is losing.
Weiterlesen »