China's Targeted Measures Seen More Effective Than Global Rate Cuts To Fight The Virus

Posted by Jimmy Zhu on Mar 14, 2020 6:30:00 PM

The People's Bank of China's targeted reserve requirement ratio (RRR) cuts announced on Friday reflect the importance of stabilising the nation's labour market.
Meanwhile, many other central bank's recent emergency rate cuts only seek to stem the extreme negative sentiment in their capital markets. Chief Strategist Jimmy Zhu explains why the emergency rate cuts undertaken by these central banks could be a very risky move in his exclusive report for CGTN.