I am surprised that the U.S. and oil prices seem to have outweighed concerns about China and Europe. The downside risks to China's growth are significant, especially related to real estate and shadow banking. Dariusz Kowalczyk More Quotes by Dariusz Kowalczyk More Quotes From Dariusz Kowalczyk Such (credit) data makes it impossible for the government to find funding for the infrastructure projects it is planning, it is clear that more needs to be done in terms of monetary stimulus. Dariusz Kowalczyk business The data bodes ill for GDP growth in the fourth quarter, which is bound to slow further. Dariusz Kowalczyk business The lending numbers give hope that investment will pick up now that there is more funds available to pay for capital spending projects. Dariusz Kowalczyk business The data bodes ill for GDP growth in the fourth quarter, which is bound to slow further, it will put pressure on policymakers to ease monetary stance again and we expect an RRR cut still in December. Dariusz Kowalczyk business This means that pressure will rise on the government to do more to stimulate growth, we expect a reserve requirement ratio cut in December, introduction of reverse repos this week, and another (interest) rate cut in the first quarter. The yuan should rise further on the data. Dariusz Kowalczyk business
