About one third. Not really a good sign. Then again, the pboc coming out. And they are looking at doing what is called targeted easing. Above the 2200 level there. Anyway, i will be back later on. Thanks, david. Increase, China Central bank has given another indication it will hold off on any major stimulus. Lets bring in our Bloomberg China economy editor. What does this say about the state of the China Economy here . Actually saying things are not about to collapse at all, but at the same time, they are not going to have any big bang stimulus. And this has created a lending spree that is still going on to this day. This is what the central bank is noting in this latest report. Does this compare with previous statements by the pboc . Not as strong. Is for example, this past november, the pboc had a report that there will be a longterm deleveraging of the chinese economy. Do that, not really and we have not seen that phrase since then. Even though they are talking about the risks from
In credit and money supply, Chinas Central Bank has given another indication that would that it will hold off on any major stimulus. Live today from beijing. Scott, what does this say about the state of chinas economy . Not going toere see any big bang in stimulus these days. We are also not going to see any major pullback just yet. The economy grew at 7. 5 in the Second Quarter. The forecasts are that it is going to stay close to that rate for the rest of the year. We have heard these kinds of warnings before, but it is interesting coming directly from the central bank, which obviously should have a handle on the situation. A secondquarter Monetary Policy report. How does this one compare with the previous statements we have from the pboc . Actually, back in november, they issued a report, another quarterly Monetary Policy report and said it is going to be a longterm deal averaging in chinas economy. Not repeatedually that phrase since then and i dont believe it was in the latest repo
Bloomberg. Com. Shopping day, the shocking news that a malaysian airliner may have been shot out of the sky in ukraine. The circumstances are not clear him about what is clear that everyone on board is dead. John dawson is here with more. 15 malaysian crew, 154 him a the majority dutch, australians 27, 9 british, and curtly at the moment of figure of about 23 u. S. Citizens. Also 23 malaysian citizens as well. Arrivede would have about two hours ago. It left from amsterdam and went down over the eastern ukraine, 50 kilometers from the russian border. It was traveling at 33,000 feet. It was very much cleared and the International Transport association said there were no flight restrictions. This was not a designated war zone so they were quite right to fly over this region. Was assile itself widebody plane. It a gadfly surfacetoair missile is designed to shoot down the lee terry aircraft, helicopters and cruise missiles. Comment from the mayor about his reaction. It simply technically i
The exact circumstances are not clear, but what is clear is everybody on board the aircraft is dead. Here is john with the latest. I think the death toll is 298. 315 with the malaysian aircrew, and the mostly dutch. The flight going down to kuala lumpur. 27 australians, 23 malaysians, nine british, 23 u. S. Citizens, and 23 unaccounted for. As you say, the flight left at 12 15 local time in holland. It would have arrived three hours ago in kuala lumpur. It went down over Eastern Ukraine, the town of torez, 50 kilometers from the russian border. It is important to point out they were authorized they could travel at 33,000 feet. They were also informed by the Ukrainian Air Traffic Control that the area was not designated as a war zone. The International Transport association said there were no flight restrictions either. It is a boeing triple seven 777 widebody. 11 gadflies surface to air missiles took it out, it would seem, according to u. S. Intelligence. A bit oft of you weaponry that
Have retrieved the black boxes from the downed Malaysian Airliners. They say they will help to establish the truth. Washington claims to have circumstantial evidence that the rebels shot down mh 17 with a russianmade missile. A say their access to the crash site is being restricted by m a, investigators say. Restricted by gunmen. Haslinda amin is kuala lumpur, and she will be telling us what things are like their on the ground in the malaysian capital. In fact, we can go over to Haslinda Amin now. Is like. Hat it it is pretty somber. If you access social media, you see facebook, and an outpouring of grief, sadness, disappointment, shot. You see comments about, why did it happen . How can it happen again . Is. It mh 17. So this is a nation grieving, just one week to the monthations following one of the fasting month. You can hardly feel any form of celebration. No one is in the mood for that. Theround the city, speak to people in kuala lumpur, they are in a state of shock. How it is abo