China is Trying Everything to Stop the Economic Slowdown
The Chinese economic slowdown has picked up pace and the PBOC promises to increase lending to help the economy
Skerdian Meta•Tuesday, November 19, 2019•1 min read
The trade war between US and China started last year and has been going on for around 18 months now. China has tried to keep a straight face and pretend like the tariffs weren’t really affecting the economy, but they had to accept it at some point, since we have all been seeing the figures which show an increasing weakness in the Chinese economy.
Chinese officials have been trying to help the economy through monetary and fiscal policies, but not much effect so far. The People’s Bank of China (PBOC) just commented that they will increase lending. Below are their comments:
- PBOC is to continue with prudent monetary policy
- To step up counter-cyclical adjustment
- Downward pressure on the economy keeps increasing
- To boost banks’ ability to supply credit
- Will continue to push real lending rates lower
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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