Ex-PBOC Economist Sees ‘Aggressive’ Monetary Easing on Slowdown
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China may cut benchmark interest rates up to two more times this year as part of “aggressive” easing to counter the nation’s slowdown, said Ding Shuang, a Citigroup Inc. economist.
“China’s economy is still on a downward trend,” Ding, who formerly worked for the People’s Bank of China, told Bloomberg Television in Hong Kong today. “We do not see a clear turning point yet, and policy support is very much needed in order to stabilize growth.”