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China's GDP on-year growth may slow to 7.4% in Q3 from 7.6% in Q2, a member of the PBOC's...
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Sunday, July 22, 2012, 5:18 AM ETChina's GDP on-year growth may slow to 7.4% in Q3 from 7.6% in Q2, a member of the PBOC's monetary policy committee predicted. Song Guoqing also said that "deflation is already a fact for the corporate world." As such, the PBOC is "very likely" to further cut banks' reserve-requirement ratio.
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