"The Chinese economy looks likely to regain its footing in the first half of 2019," said the outlook report co-authored by Bartsch, as policymakers in China have started to moved toward policy easing with efforts to provide economic stimulus while limit financial leverage.
More specifically, Bartsch mentioned two main measures, i.e. fiscal policy impulse coming through major tax relief measures to boost revenues, and credit impulse to change credit flows with a clear focus on more channels toward small and medium-sized companies than state-owned enterprises.
BlackRock also expected the People's Bank of China, or China's central bank, to ease its liquidity provisions, so as to avoid stoking capital outflows and putting pressure on the yuan exchange rate.
(Zhang Zhongkai in Beijing contributed to the report.)
【国内英语资讯:News Analysis: Robust yuan points to market confidence in Chinese economy】相关文章:
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