“A People’s Bank of China academic adviser said the risk of a rebound in property prices may help explain why the government is holding back from easing monetary policy to counter a deepening economic slowdown.
That concern is “a big restraint,” Chen Yulu, president of Beijing’s Renmin University, said yesterday to reporters after speaking at a forum in the city. Further cuts in reserve requirementsor interest rates depend on how much external demand worsens, Chen said.”
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