Analysis-China caught in policy dilemma as Fed rate cut looms

Analysis-China caught in policy dilemma as Fed rate cut looms

By Kevin Yao BEIJING (Reuters) -As the U.S. Federal Reserve gears up for an expected rate cut next week, China’s central bank is likely to resist a near-term easing in policy as it grapples with a dilemma: how to shore up a weak economy without further fuelling a hot stock market. Policymakers are under pressure to fend off a sharp slowdown in growth that could threaten jobs and social stability

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