China Has More Policies in Reserve to Support Growth: Journal

China still has more room to tweak its monetary policies to aid growth even after the cuts to reserve ratios and interest rates, but it will use its abundant policy reserve at the “right time and rhythm,” the China Securities Journal said in a column citing experts’ opinions including a previous comment by PBOC Deputy governor Liu Guoqiang. With overall demand weak, the government first needs policies that generate immediate impacts, such as technological and urban infrastructure investment, the newspaper said citing analyst Wen Bin of China Merchant Bank. These measures will optimize the economic structure in the longer term, Wen was cited as saying.