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China Should Avoid Credit Contraction or Stronger Inflation Expectation: PBOC Advisor

CHINA PRESS
MNI (Sydney)

China should implement structural tax cuts for SMEs as soon as possible and avoid a tightening of credit or allow inflation expectations to rise, said Wang Yiming, a member of the monetary policy committee of the PBOC. In a blogpost published by CF40, Wang said recent rising commodity prices lifted the manufacturing costs of Chinese SMEs and narrowed profit margins. Credit risks of companies and local government financing vehicles are also increasing this year, Wang said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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