China May Cut RRR Further, Orient Capital's Collier Says

The transcript discusses China's economic challenges, focusing on the lack of deleveraging and its impact on small businesses and local governments. It explores potential rate cuts and their implications, highlighting the complexity of monetary policy in China. The mechanisms of implementing lending directives are examined, revealing both formal and informal approaches. The potential consequences of rate cuts on various economic sectors, including the property market and shadow banking, are also considered.

What are the potential consequences of cutting the benchmark rate in China?

How does shadow banking complicate the effectiveness of monetary policy in China?