China's cuts interest rates to reduce cost of borrowing and boost the economy

Monday, May 11th 2015 - 10:08 UTC

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China's central bank announced Sunday it would cut interest rates by 25 basis points as authorities seek to boost the flagging economy following a raft of data indicating a slowdown. The benchmark one-year lending rate would be reduced to 5.1% and the deposit rate to 2.25% from Monday, the People's Bank of China (PBoC) said on its website. Read full article

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yankeeboy
They can't use “monetary” policy to get them out of this mess. The problem is structural and will not be solved.
They will never make it into a developed nation.
May 11th, 2015 - 11:21 am - Link - Report abuse 0
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JoseAngeldeMonterrey
China´s moving towards economic stagnation. China has already pumped hundreds of billions into the economy in the past years, but only overheated its economy without adding much growth. The good old days of double digit growth are over, demographic aging is beginning to hurt internally, free trade agreement proliferation around the world means less import duties for those nations and greater opportunities to compete against Chinese products, transportation costs, piracy, pollution and other problems are not challenging China´s growth story.
May 11th, 2015 - 05:56 pm - Link - Report abuse 0
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ChrisR
@ 2 I think we get the gist of your post even with the error sis words from the end.

It seems the good days are gone and the peasants are waking up and continue to ask for more money.

Who can blame them when those in charge have raped the country more than TMBOA, DumbAss Dilma and the Chief Crook, Lula.
May 11th, 2015 - 07:50 pm - Link - Report abuse 0
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