With economic activities and unemployment largely stable, inflation edging higher and the virus increasingly under control without a full-scale lockdown, policymakers likely see a lack of strong rationale to loosen policy incrementally for now, Song Yu, an economist at Beijing Gao Hua Securities, said in a research note. "On the other hand, this set of data does not suggest room to tighten policy, either. Policymakers are likely to keep their cyclical policy stance largely stable and continue to shift their attention to other goals such as financial and fiscal risk controls," he said. … [Read more...] about Reforms expected to speed up to foster growth
