Economic rebound expected in Q4

Chen said the window for China to ease monetary policy may not close until the United States Federal Reserve raises key interest rates. The more accommodating monetary situation will lower financing burdens on private, smaller firms, alleviate the intensified pressure on them from costs and help stabilise employment. (File pic shows the Peoples Bank of China (PBOC) building.

BEIJING: China’s economic recovery is expected to regain momentum in the last quarter of the year as monetary supports strengthen and are set to alleviate the cost pressures smaller firms are experiencing and bolster credit expansion, say experts.

“Policy measures to reinforce credit growth will likely be rolled out and alleviate downside economic pressure, which will combine with the easing of transitory disruptions to help the economy gain firmer footing in the fourth quarter,” said Chen Xing, the chief macroeconomic analyst at Zhongtai Securities.