China Economy to Rebound in H2: Ex-PBOC Off'l

China’s economy, currently at its slowest, should begin to rebound in H2 after stabilizing in Q2, helped by the slew of monetary and fiscal policies that have been introduced, Sheng Songcheng, a former director of the statistics department at the People's Bank of China, told China National Radio after the central bank on Monday cut both medium and short-term loan benchmarks. China should introduce more forceful countercyclical measures, including rate cuts, before March, when the Federal Reserve probably begins rate hike, expected to pressure the yuan and draw capital away from China markets, Sheng said.