China's central bank is expected to cut key rates soon, following a directive from a meeting this week led by the country's second-in-command.
However, these moves have not turned investor confidence around. The Dow Jones industrial average"The Fed rate cut gives the PBOC more leeway to cut rates in China without prompting excessive capital outflows, therefore making a Chinese rate cut more likely," Council on Foreign Relations economist Benn Steil said in an email last week.
Policymakers from the People's Bank of China have indicated rates will move lower, as investors have expected for some time. But so far, the PBOC has been relatively more conservative, compared with other central banks. Several analysts expect the State Council meeting will tip the PBOC's hand. "Lower rates may not help the economy much, but could fuel a small-cap stock bubble which will collapse later," Larry Hu, chief China economist at Macquarie, said in a report released Wednesday. "If it doesn't cut, it will take the blame for not doing enough."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
IKEA tests selling through third party for the first time, on Tmall in ChinaIKEA on Tuesday started selling its products on Alibaba's Chinese e-commerc...
続きを読む »
U.S. Companies in China Were Struggling Before CoronavirusThe annual snapshot of business conditions from the American Chamber of Commerce in China underscores how fragile conditions were for U.S. companies before the Covid-19 epidemic began to come into public view.
続きを読む »
Italy locks down as China signals major progress in own virus fightChinese authorities announced just 17 deaths on Tuesday and the lowest number of new infections – 19 – since reporting began in late January.
続きを読む »
China shuts all temporary coronavirus hospitals in city of Wuhan - state mediaChina has now closed all temporary hospitals in the central city of Wuhan, the e...
続きを読む »
Mom, son safe after 52 hours trapped in China hotel rubbleA 10-year-old boy and his mother have been rescued 52 hours after being trapped in the collapse of a virus quarantine site in southeastern China
続きを読む »