China urged to ‘hurry up’, stay ahead of the curve to avoid credit ‘collapse’

China’s central bank will roll out more policy measures to stabilise the economy as downward pressure persists, and move ahead of the market curve, vice-governor Liu Guoqiang said on Tuesday.On Monday, the People’s Bank of China (PBOC) unexpectedly cut borrowing costs on its medium-term loans for the first time since April.Liu said it would widen the use of its policy tools to prevent a “collapse” in credit.“We should hurry up, make our operations forward-looking, move ahead of the market curve…

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