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Commercial banks to help ease economic slowdown pressure

By Chen Jia | China Daily | Updated: 2018-08-16 07:33

China's 260-trillion-yuan ($37.67 trillion) banking sector, the world's largest by assets, has once again been assigned a heavy responsibility in easing the economic slowdown pressure. But this time they should consider more factors before taking action, said analysts.

Commercial banks, an important part of the nation's financial system, are expected to pump funds more proactively to support China to achieve the annual growth target. However, they need to be cautious under the tight scrutiny requiring lending activities to be "out of the shadows", they said.

Given some signs of economic cooling in July, with headwinds from a worsening trade dispute with the United States, investment in property and infrastructure construction will be key to stabilizing domestic growth, said Liu Qiao, director of the Guanghua School of Management of Peking University.

Commercial banks to help ease economic slowdown pressure

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