Posted on 06/28/2015 11:15:02 AM PDT by BenLurkin
China's central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in a quarter century.
Saturday's combined easing highlights Beijing's concerns that money isn't flowing to some of the most-needed sectors in the economy and that stubbornly high borrowing costs that could fuel bankruptcies and job losses. The last time the central bank simultaneously cut interest rates and reserve requirements was at the height of the global financial crisis in late 2008.
The latest move could also be aimed at comforting investors following a 20 percent plunge in the country's stock markets over the last two weeks, some analysts said.
(Excerpt) Read more at reuters.com ...
If the U. S. brought it’s manufacturing home, China would be in serious trouble.
That's interesting. Could be related to their production being absorbed by their home market instead of being exported?
China Debt-Bomb Fuse is Burning
by Chriss W. Street
23 Jun 2015
http://www.breitbart.com/national-security/2015/06/23/china-debt-bomb-fuse-is-burning/
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