China: Weaker-than-expected data opens the door for further policy easing – Commerzbank China PBOC Growth Banks
Activity data from April all came in below market expectations and suggest China’s recovery is losing steam, economists at Commerzbank report.“April’s data point to weakness in manufacturing, while consumer spending also slowed after a strong recovery.”
“It will take time for new credit to filter through to the economy. The question is how long. Cutting lending rates further may not necessarily help much. However, rate cuts could signal further easing stance of the central bank so it may still be a useful step to take.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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