Comments from Fitch Ratings, reported via Reuters:
- The 50bp cut to the reserve requirement ratio ( RRR ) for Chinese banks on Tuesday, together with record loan growth in January, could point to an increasing likelihood that the authorities are shifting policy to enable more credit-fueled growth
- Next week's National People's Congress meeting should provide further information on the direction of Chinese economic policy and structural reform
- Fitch maintains that a return to sustained rapid lending growth by Chinese banks would be credit negative, with leverage in the economy already high
More:
- Expects China's credit growth will continue slowing in 2016 to 13%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.