The People's Bank of China, the central bank, is well warranted to reduce the benchmark Loan Prime Rate (LPR) by as much as 15 basis points or more to cut the borrowing costs for both state-owned enterprises and private companies. Observers believe that more stimulus measures are in the pipeline to further rev up the recovery momentum, in particular after the recent cuts in China's key interest rates. The meeting concluded that China's overall economy is rebounding and improving, with recovering market demand, rising output and supply, stable prices and employment, and solid advancement in high-quality development, according to a Xinhua report.
Illustration: Xia Qing/Global TimesChina is mulling several policies to promote sustained recovery of its economy, according to a State Council executive meeting on Friday. Powerful policy stimulus is warranted to back up country’s economic growth By Wen Sheng Published: 08:20 PM Powerful policy stimulus is warranted to back up country’s economic growth
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