REUTERS/China Daily Recent Chinese economic data has undershot expectations, leading to speculation that China’s central bank may take steps to support activity levels. RBC Capital Markets thinks the bank is likely to cut a critical ratio for Chinese lenders, which would be a loosening of monetary policy. In a working paper released on Tuesday, the […]
Tag: stoking
China’s ‘sharing economy’ is booming, stoking fears of a bubble
FEATURE: (By Yawen Chen and Ryan Woo, Reuters) — Fancy shooting some hoops, but don’t have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? China’s rapidly expanding “sharing economy”, which already provides car rides and bicycle hire on demand, can help. For just 2 yuan ($ 0.30) an hour, Nate […]