The China Central Bank Governor Pan Gongsheng, earlier last week had announced plans to lower borrowing costs and inject more liquidity into the economy while also announcing that the reserve requirement ratios (RRR), the percentage of cash banks are required to hold as reserves, was cut by 50 basis points (bps), later in the week.
Are motown blues over? What to expect for auto in October & beyond? Kumar Rakesh explains
Kumar Rakesh from BNP Paribas predicts weaker auto sales in September due to Pitru Paksha, with a potential rebound in October. The passenger vehicle industry
September 30, 2024