On February 5th, Ding Shuang, Chief Economist for Greater China and North Asia at Standard Chartered Bank, stated that in terms of specific tool selection, it is expected that China will not use a significant depreciation of the renminbi to offset the impact of tariff increases. The direction of monetary policy has shifted from prudent to moderately loose, and it is expected that the central bank will inject ample liquidity into the market through various tools to support the issuance of government bonds, and at the appropriate time lower policy interest rates to avoid an increase in real interest rates. In addition, further measures will be taken to promote the stabilization of the real estate market. We believe that fully and effectively utilizing policy space will help overcome internal and external challenges and achieve this year’s growth goals. (Securities Times)
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