China’s Premier called for more active fiscal policy and a central bank publication said additional monetary easing is needed, signaling more support is on the way for the world’s second-biggest economy. Li Keqiang’s call to aid growth accompanied an announcement of tax breaks for small business, according to a government statement summarizing a cabinet meeting yesterday. Meanwhile, the central bank should cut bank’s required reserve ratios further to deal with deflation risks, said an article in the People’s Bank of China’s newspaper published today. “To fend off possible deflation, the central bank should continue ... (full story)