Source: China – South China Morning PostChina will further cut interest rates to stabilise the economy, as shrinking China-US yield spreads will not change Beijing’s monetary policy loosening bias, the China Securities Journal reported on Monday, citing former central bank adviser Yu Yongding.The comments by Yu, an influential economist at the Chinese Academy of Social Sciences, came as the US Federal Reserve is widely anticipated to hike interest rates later this week amid higher inflation, while some expect the People’s Bank of…Read More