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CEIBS Sheng Songcheng: RRR Cut Preferred Over Interest Rate Cut
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"Reserve requirement ratio (RRR) cut is preferred over interest rate cuts" is his long-held view, Chinese media reported, citing Sheng Songcheng, Dean of the Research Institute of China Chief Economist Forum (CCEF) and Professor at China Europe International Business School (CEIBS). This does not negate the necessity of interest rate cuts, but rather highlights the suitability and positive effects of RRR cut under the current national conditions, Sheng said. AASTOCKS Financial News Website: www.aastocks.com |
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