BEIJING: China’s top economic regulator has pledged to roll out policies that would spur consumption and increase effective investment, as part of a package of measures to revive the economy amid the still-weak demand and a gloomy global outlook. Jin Xiandong, director of the National Development and Reform Commission’s( NDRC) Office of Policy Studies, said at a news conference in Beijing that the NDRC will “ promptly formulate and introduce policies to restore and expand consumption ”.... “ Wi

Key readings of retail sales, industrial production and fixed asset investment are all set to moderate too.... The PBoC’s swift move to lower banks’ fiscal reserves is one way of making sure the recovery plateaus from here, rather then stumbles. The economy was always expected to descend from the heights hit during its initial rebound and as last year’s low base effect washes out.... Activity and trade data for June will likely paint a similar picture--a slower, but still-solid expansion.” Dom

GLOBAL central bankers are turning toward tighter monetary policy, yet still indicating they will take longer and follow different paths than investors currently expect. Just this week, the Federal Reserve( Fed) confirmed it would start slowing its asset purchase programme, but chair Jerome Powell said he won’t consider hiking interest rates until the labour market heels further. The Reserve Bank of Australia( RBA) dropped a pledge to anchor short-term bond yields and signalled it has no plans t

？Гореликов К. А.