Friday 29 Mar 2024
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SINGAPORE (May 22): China is likely to shift away from tighter financial policies amid a stronger-than-expected credit slowdown since December last year, even as GDP growth remains a key policy objective, according to research firm Oxford Economics.

“The government has put ‘boosting domestic demand’ back on the policy agenda while de-emphasising the task of ‘deleveraging’, fuelling speculation that China is shifting away from tighter financial policies,” says lead economist Tianjie He in a report on Tuesday.

However, He highlights that policymakers are not expected to make drastic changes in the policy stance nor back away from reining in credit growth and financial risks... (Click here to read the full story)

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