Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.
Amid a slowdown in the economy, the central bank on Saturday
The process of guiding lending rates lower would be "very gradual," said Tao Wang, chief China economist at UBS Investment Bank. "Companies are worried about uncertainties related to trade dispute, slower economy — so even lowering the rates may not actually be able to stimulate a lot of credit demand," Wang told CNBC's"I would say the ... stimulative impact on the economy, I think it's very muted," she said, even though she acknowledged that it would help corporate balance sheets.
Beyond making financing more affordable, the government also needs to encourage more infrastructure spending if it wants to support economic growth, she added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
White House Economic Adviser Confirms Plans for New Round of China TalksWhite House economic adviser Lawrence Kudlow confirmed the possibility of holding trade talks with China in the U.S. in an effort to allay fears of a spiraling trade war between the two countries.
Leer más »
A Case That Could Bring #MeToo To ChinaRichard Liu, JD.com’s billionaire founder and a major celebrity in China, may soon face a rape accusation (which he denies) in a U.S. court. It’s already been hotly debated on Chinese social media for months.
Leer más »
Thousands rally as China condemns U.S. lawmakers' support for Hong Kong protestsWhile recent rallies have been marked by violent clashes with police, organizers said they hoped Sunday’s assembly would be peaceful.
Leer más »
Brazil-born Elkeson included in China squad in landmark moveBrazil-born striker Elkeson is in line to become the first player without Chines...
Leer más »
Bodies found at site of China rockslide with 17 missingBEIJING (AP) — Teams have begun recovering bodies at a railway repair site in southwestern China where 17 workers were buried by rocks. The official Xinhua News Agency said Sunday that four...
Leer más »
China condemns US lawmakers' support for Hong Kong protestsSpokesman called U.S. support 'gross interference in China's internal affairs.'
Leer más »