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China’s Interest Rate Cuts Will Not Fix Its Real Problem

As expected, China’s central bank reacted to Monday’s stock market falls. It cut the 1 year lending rate to by 25bps to 4.6% with immediate effect. It also cut the reserve requirement ratio by 50bps. These measures look like attempting to put out a bonfire with a watering can. They are […]
Article Source: http://www.forbes.com/sites/francescoppola/2015/08/26/chinas-interest-rate-cuts-will-not-fix-its-real-problem/
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