Jim Walker, Asianomics' Ltd. chief economist, believes that China's decision to decrease the lending as well as deposit percentage is a sign of a weakening economy and will not help to improve the current economic state. The economist indicates that the situation is more severe than the government initially expected and signifies that the global economy is going to face a slowdown. He added that the central bank's action could potentially flop in case if it discourages people from depositing their savings into banks, and banks should, in contrast, increase the lending percentage as the funding costs are growing.