Chinese central bank officials on Thursday said that there is no basis for long-term deflation or inflation in China and liquidity was reasonably sufficient in the first quarter, in response to claims by some Western media that China is entering a deflationary cycle.
China still has the space for interest rate cuts to buffer economic downward pressure, though the room for easing may narrow, as the United States is poised to act more aggressively against stubbornly high inflation, experts said on Wednesday.
Room seen for buffering pressure amid US inflation--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.