China’s ‘too little, too late’ rate cut spurs call for more stimulus

SHANGHAI: China’s surprise interest-rate cut has done little to allay concern over the property and zero-Covid slowdown, with economists and state media calling for additional stimulus.

In a front-page report yesterday, the central bank-backed Financial News said Beijing should introduce new pro-growth policies at the appropriate time to keep growth within a reasonable range, citing Wen Bin, chief economist at China Minsheng Bank.