Reported about 9 hours ago
As the US Federal Reserve prepares for a potential rate cut, China's central bank is in a tough position, trying to stimulate its weak economy without exacerbating a hot stock market. While a Fed cut could allow for some easing of Chinese monetary policy, the People's Bank of China may wait for clearer economic signals and is wary of fueling a market bubble. Recent economic data points to a slowdown, leading to increased pressure on policymakers to balance growth with financial stability.
Source: YAHOO