Nomura Holdings forecasts less than 50 percent probability that slotxo China will announce another reduction in reserve requirement ratio (RRR) after the latest economic meeting by the leaders of the Communist Party of China (CPC).

If there is, we believe it would be a cut target rather than an international one,” Lu Ting, China's chief economist at Nomura, said in a note. China released about 1 trillion yuan ($154 billion) of liquidity to support its real economy in July.

at the meeting on Friday The Political Bureau of the Communist Party of China Central Committee has pledged further policy efforts to contain the coronavirus. flood protection Cereal production certification stabilize commodity prices Campaign to reduce carbon emissions and implement the "three children" policy.

Lu said the meeting reinforced Nomura's view of China's unification of its exclusivity policies. "Target tightening" for various sectors This includes the real estate market and high-carbon industry, and "global easing" for the rest of the economy. especially the high-tech manufacturing sector

On the policy side, Lu expects China to accelerate fiscal spending and issuance of government bonds. It fully touched the remaining 4.5 trillion yuan ($0.7 trillion) net bond financing quota in the second half of the year.