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MacroBusiness Access Subscriber Only Content at 10:40 am on July 9, 2021 | 0 comments Honestly, sometimes the great and the good are maddeningly slow on the uptake. A steep Chinese slowdown has been obvious for six months. Yet get this from BRIC doyen Jim O’Niell: So, now that the slowdown has arrived for the rear guard of analysts, let’s ask what comes next? The first signal that not all arrived yesterday with rumoured reserve ratio cuts for banks. ING has more: There are 1646 words left in this subscriber-only article. Chinese government’s decision on monetary policy The government held a regular meeting and decided to cut the targeted reserve requirement ratio (RRR) for small and medium enterprises (SMEs) when necessary, it also didn’t rule out other monetary policy tools to help SMEs. We believe that such a cut will come soon. The cost pressures of SMEs mostly comes from high commodity prices, although the Chinesegovernment has already acted to reduce commodity pri

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