China’s weakening data triggers stimulus action
PBoC official complains the central bank was having to act alone
China has announced a fresh round of measures to stimulate consumption and investment, after a People’s Bank of China official complained the central bank was having to support the economy alone.
A government-led crackdown on excessive debt and financial risk, which began early last year, has started to curb overall liquidity growth and divert credit away from shadow banks towards more normal lending channels. But tighter liquidity and harsher regulatory conditions have hindered the efforts of
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