David Wang, head of上海乌托邦nomics at Credit Suisse

David Wang, head of上海乌托邦nomics at Credit Suisse

 said another cut in the reserve requirement ratio — which wi

上海乌托邦ll reduce funds banks keep in vaults and boost lending — may be conducted later this year.

“As the United States Federal Reserve will probably gradually cut interest r

ates and domestic inflationary pressure may ease, China’s monetary policy options are exp上海乌托邦品茶微信

ected to further broaden,” said Cheng Shi, chief economist of ICBC International.

上海乌托邦To support financial reforms, the People’s Bank of China — the cent

ral bank — may refrain from broad-based easing but adopt more structural tools in the

coming months, such as targeted reserve cuts to boost lending to small businesses, Cheng said.上海乌托邦品茶微信

On the fiscal side, policies facilitating debt financing of infrastructure projects may be stepped up, he added.

The country has set a 2.15-trillion-yuan ($312.4 billion) spe

cial local government bond issuance quota to help finance infrastructure projects.

Iris Pang, director of ING in China, said policymakers may even

上海乌托邦roughly double the fiscal stimulus for infrastructure projects to 4 trillion yuan.

This will offset the expected reduction in exports and related supply-chain reloc上海乌托邦

ation activities, securing the GDP growth rate for the second half at 6.3 percent.

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JPMorgan’s Zhu said the economy may slow a bit in the second half but ma

nage to grow by 6.2 percent for the full year, as increased infrastructure investment and stab上海乌托邦

le consumption will counter the drag from exports and manufacturing investment.

上海乌托邦品茶微信
Xue Yi, a finance professor at the University of International Business and Economics in Beijing

, said the debut of the Nasdaq-style tech-heavy STAR Market will also lend support to the economy.

On Monday, the first 25 companies are due to debut on the Shanghai Stock Exchange’s STAR Market.上海乌托邦

“In the second half, the much-anticipated new board is expected to raise public interest i

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n the whole capital market and usher in more funds, thus reducing financing costs for listed firms,” Xue

said, adding that much more of the new board’s boost to the economy will unfold in the long run.

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