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BEIJING (Reuters) - China's second surprise rate cut and lending reform in the space of a month shows that Beijing wants borrowing to play a greater role in reviving an economy struggling with its weakest pace of growth since the global financial crisis. But the approach that policymakers have adopted also highlights the constraints they face in trying to steer credit to the parts of the economy that need it. The easiest way to create credit is simply to free the country's four biggest banks to lend up to the 75 percent loan-to-deposit ratio (LDR) regulatory ceiling. They all have lower ...
China rate cut a gamble to boost economy
BEIJING (Reuters) – China's second surprise rate cut and lending reform in the space of a month shows that Beijing wants borrowing to play a greater role in reviving an economy struggling with its weakest pace of growth since the global financial …
July 6, 2012