BEIJING: China's measures to cool the economy are taking root, Vice-Premier Huang Ju said yesterday, as the central bank ruled out an immediate interest rate rise.
China, struggling to curb an economy which grew 9.8% in the year through the first quarter, has taken a series of measures to try to slow growth, including raising bank reserve requirements three times and curbing investment in red-hot sectors like property and steel.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!