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China urged to ‘hurry up’ with moves to stabilise economy, stay ahead of the curve to avoid credit ‘collapse’

Summary:
[unable to retrieve full-text content]China’s central bank will roll out more policy measures to stabilise the economy as downward pressure persists, and move ahead of the market curve, vice-governor Liu Guoqiang said on Tuesday.On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April.Liu said it would widen the use of its policy tools to prevent a “collapse” in credit.“We should hurry up, make our operations forward-looking, move ahead of the market curve…

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[unable to retrieve full-text content]
China’s central bank will roll out more policy measures to stabilise the economy as downward pressure persists, and move ahead of the market curve, vice-governor Liu Guoqiang said on Tuesday.On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April.Liu said it would widen the use of its policy tools to prevent a “collapse” in credit.“We should hurry up, make our operations forward-looking, move ahead of the market curve…
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