The Saturday article in the Shanghai Securities News says that

• China should choose the right timing and force in easing monetary
  policy

• “China’s monetary policy needs to balance between supporting the
  economy and preventing risks, and is also constrained by Sino-U.S.
  yield differentials as well as domestic banks’ interest margins.”

This follows last week’s news from the People’s Bank of China:

• PBOC says will cut interest rates and RRR at the proper time

It also follows a Friday piece in China’s ‘Financial News’ outlet:

• Policy easing, including the use of structural tools, is not just
  about cutting interest rates or RRRs
• monetary easing does not necessarily
  translate to credit easing
• financial stimulus alone does not lead
  to a sustainable boom in consumption

This all sounds like Chinese authorities are trying to dampen expectations of a further monetary policy easing. Do they think this:

• Weekend – China released a 30-point plan aimed at boosting domestic consumption

is enough?

This article was written by Eamonn Sheridan at www.forexlive.com.

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