China should shift stimulus to consumption, ease residency restrictions -PBOC adviser – Reuters

China should shift stimulus to consumption, ease residency restrictions -PBOC adviser – Reuters

ByTGW Editorial Team

BEIJING, Jul 10 (Reuters) – China should shift the focus of its stimulus from investment to consumption and further ease restrictions on urban living to boost the purchasing power of migrant workers, a central bank policy adviser said. “The target of our stimulus should shift from investment to consumption, which may more directly correspond to…

Chinese Bonds Rise with Analysts Seeing More Rate Cuts from PBOC – Yahoo Finance

ByTGW Editorial Team

(Bloomberg) — The Chinese yuan’s decline eased, while government bonds rallied as the country reportedly considers more stimulus after a surprise rate cut. Equities posted modest gains. Most read from Bloomberg The offshore yuan offset losses of as much as 0.3% and moved away from the closely watched level of 7.2 per dollar. The yield…