China Securities Journal: PBOC is expected to step up monetary policy easing

From the China Securities Journal (via MNI), a front page editorial :

• PBOC is expected to step up monetary policy easing in the remainder of the year to support economic growth
• PBOC will guide certain interest rates — including the repo rate — lower to reduce funding costs for the real economy
• Strong bank lending would also be needed to compensate the shadow banking business which has been shrinking due to a government crackdown
• Said economy still weak, and that it is not optimistic about the Q3 GDP number. It said the possibility of a lower than expected reading cannot be ruled out