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BEIJING -China's central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to boost liquidity and support the country's economic...
BEIJING, Sept 14 (Reuters) - China's central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second tim
(Bloomberg) -- China’s economic outlook is showing no signs of improvement, with forecasters broadly trimming their expectations for growth, prices and trade and predicting more monetary policy easing.Most Read from BloombergAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersChina’s Worsening Economic Slowdown Is Rippling Across the GlobeGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money Manager3M Agrees to Pay More Than $5.5 Billion Over Combat Ear
Growth is expected to slow to 4.5% in 2024, down from a projection of a 4.8% expansion previously.
Earlier predictions have been trimmed and the #2 economy could still face a hard landing.