China: Global Times reports recommendations PBOC adopts ‘moderately loose monetary policy’

Why? Well … “China should adopt a moderately loose monetary policy to offset the negative impact of the prolonged trade war with the US and provide a cushion against non-performing loans (NPLs) in the domestic banking system”

GT citing recommendations from the 2019 Semi-Annual Report of China’s Systematic Financial Risk.
Report released by the Tsinghua University National Institute of Financial Research at the Tsinghua PBCSF Global Finance Forum 2019 over the weekend.
GT is normally forthright with reporting on political developments in China with regards to the trade war. This piece is fairly mild. Still ….
  • negative impact of the prolonged trade war with the US
  • non-performing loans (NPLs) in the domestic banking system
gives a heads up to concerns in China.