Below is a snippet from China's Global........>

CHINA: Below is a snippet from China's Global Times:

- "China's central bank may take pro-active and pre-emptive measures to

fine-tune its monetary policy to respond to the Fed's potential rate cut. It is

worth considering the granting of more loans at lower interest rates to small

and medium-sized enterprises. We also cannot rule out the possibility that China

may cut its benchmark interest rate to inject liquidity into the financial

system. China's central bank has not shifted its benchmark one-year lending rate

since 2015, which leaves more room for policy easing. It's time for China and

the rest of the world to consider how to react as Trump places pressure on the

Fed to join the trade war. Unconventional methods may be needed because a loss

of independence in the Fed will encourage the belligerence of the US government

and escalate the trade war."