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Cash hoarding by Chinese banks and companies makes it unlikely that the central bank will cut interest rates

2 months ago
Sky Canaves
s long as the GDP growth rate doesn't threaten to fall below 6.5 percent, policymakers see little benefit in cutting rates or reducing the banks' reserve requirement ratio, according to sources involved in the policy discussions.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.