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Last year there was too much tightening1 and this year maybe they are looming2 behind the curve, parts of the reason maybe the macro-numbers in China could be sometimes misleading.
Another rate cut for China. And this is the second cut in the space of a month after a year of keeping rates steady. The world's second largest economy is feeling the pitch of economic slowdown. Weak manufacturing, weak housing and now signs of weaking jobs market after a year of what has been rip roaring growth.
With the blitz of data due on the coming week, analysts3 are really starting to wonder if there is a lot of bad news waiting in the wings. Second quarter GDP is expected to grow at its weakest pace in a three years. But it could be even worse. Will it be below 8% ? Will it be below 7.5%?
My number 7.5%, I think most likely be around 7.5% or even it will be lower.
One area of focus will be bank lending. If that is weaker than expected, it really could bring out signs that China's economy is at a standstill.
点击收听单词发音
1 tightening | |
上紧,固定,紧密 | |
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2 looming | |
n.上现蜃景(光通过低层大气发生异常折射形成的一种海市蜃楼)v.隐约出现,阴森地逼近( loom的现在分词 );隐约出现,阴森地逼近 | |
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3 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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