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How do you look at the timing of the latest policy tools announced by the PB L C, the Chinese central Bank to what stands do you think it is related to the Federal Reserve's latest decision, or I don't do that link in the mall striven by the domestic we could name of the tiny economy because we can see the thick this ethical factors. The numbers in November. What could be coming in number expert and the central Bank? Also, the central government is aware of the downward press because China have to maintain, you know, the ghost target because you have some there's a long-term Megyn gender the economy to be sustained and in order to sustain economic growth. They need be some short-term financial and physical, you know, instrument to be used if necessary I in the last quarter is very important twenty eighteen it's important for China to maintain the confidence in also economy momentum now in order to do. So the east I'm increasing the nicotine, not only just the the cutting of the lift saving ratio Bill as the station of the tristen on the. On the short-term and medium-term loans. Target for this morning, medium size enterprises, which is facing, you know, pretty tough challenges. No mogo. They of Gook Stein's in vestment. You know, the girls are being them by the private sector increased. But he's probably not enough to compensate the the negative factor Chinese facing. So they they used all physical and monetary policy. The tool important soon to sustain with you know, economy grows target, no only for the fulfillment of the ghost target of six point five in twenty clean. But they'll be some sort of a larger, you know, stable go straight for twenty nineteen. I think could be also close to six point five percent close or little bit. Just a little. Because Taina ahead sums of McCloy economy target, you know, they're so soco six system ability to sustain employment two sisters and the cons of bushmen. Only England for in balloting, Wissmann, also mistaking Westman, and to sustain the confidence in also men tend the risk and of the the the financial system as long as the risk is controllable or you can be contained. I think it will be a little bit more aggressive in terms of liquidity increases to boost the economy. So professor David were the I guess this is a technical question is TM of as which is which is which is the name of this latest policy tool by the PBC, his it as some abso-. Rivers have suggested effectively a targeted rights cut. This is not a Archie. And you know. I. It's very very targeted right until it's one one aspect of the economy. That's always been has been really under served compared to other other branches. And and second off this is in terms of the total lending still very small percentage of the overall funds availability to towards the financial institutions. So these couple of major facts and also as mentioned earlier these monetary policy as well as just go policy. There's also the discount rate, etc. These are all other kind of tools. The government is using to basically monitor and guide the guy the process along the way. Adjunct professor finance at New York University..