CASS is the Chinese Academy of Social Sciences, China Daily reports that a senior researcher says now is a good time for the People's Bank of China to cut interest rates
Citing:
- domestic demand remains insufficient
- monetary policy of the United States has not entered a tightening cycle
- "Domestic consumption remains relatively weak compared with the pre-COVID level and growth in the labor market has come to a standstill"
Here is the link to the report for quite a bit more.
