BEIJING: Chinese policy makers are holding back from rolling out the big guns of monetary stimulus, keeping options in reserve as the trade standoff with the US risks morphing into a global currency war.
The People’s Bank of China (PBoC) last Friday called for a “rational” view on current headwinds, signalling that the targeted approach to shoring up output would continue. Investment, retail sales and credit data due this week are expected to confirm the ongoing slowdown in the world’s second-largest economy.
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