More Chinese stimulus scuttlebutt supports miners

Monday, 4 August 2014

The China Securities Journal today reported that China GDP may rise by about 7.4% in the second half citing a State information Center report, which has an affiliation with National Development and Reform Commission. Forexlive is also reporting from MNI that:

Suggests the central bank will cut the system-wide reserve requirement ratio by a small margin

Said regulators could introduce differentiated loan-to-deposit ratios as a move to ease restrictions on bank lending activities

Forecasts home prices to keep falling inH2, calls on the government to cut the down payment for second home purchases

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.