China’s monetary volleys miss key threat to economic growth

China’s central bank has adopted a more aggressive easing stance, but analysts say its measures don’t address the main issue: weak consumer demand. The bank’s liquidity injections and lower borrowing costs have lifted market sentiment, but experts believe fiscal policies are needed to boost consumer spending. Analysts expect authorities to follow with a fiscal package to complement monetary measures. The world’s second-largest economy faces deflationary pressures and risks missing its growth target due to property downturn and low consumer confidence.READ FULL