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China’s central bank has highlighted what it described as relatively low loan rates compared to the rest of the world, indicating it may remain cautious about further interest rate cuts while borrowing demand stays weak, according to Bloomberg.
Michael Pettis, an economist and professor of finance, shared this information.
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Bloomberg previously reported that Beijing is coordinating interventions to address market fragility and prevent further selling pressure in local markets, according to official sources. In addition, Caixin noted that China's per capita disposable income grew 5.3% in the first three quarters, while consumer spending increased 3.6% over the same period, highlighting a gap between income and consumption growth earlier this year. These measures and trends come as policymakers assess lending and economic momentum.