China’s Economic Information Daily operates under the watchful eye of the Chinese Communist Party.
An article in the outlet today cites analysts saying that China has room to ease monetary policy measures further still in the second half of this year, saying the window for easing has opened.
Markets will welcome easing of course but would welcome hefty fiscal stimulus even more. Which seems unlikely.
This article was written by Eamonn Sheridan at www.forexlive.com. Source