CDT Money: Waiting For The Bottom
The People’s Bank of China announced a 50 bps cut in the reserve requirement ratio (RRR) for commercial lenders on Saturday as it stepped up efforts to boost growth amid signs of a weakening economy. The second such cut this year, which will officially go into effect on May 18, is intended to g ...
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The PRC economy and government are indeed not somehow insulated from the effects of the business cycle and from phenomena as bubbles and overbuilding.