Slump. hong kong based market strategist vincent chan of al theia capital told me the market thinks the chinese government is not doing enough. the company seems to be more concerned about growth but it is not doing enough as the market expected to boost growth. there have been a slew of economic data which showed the weak growth. record high unemployment rate in the property sector in crisis and some have been comparing the situation today in china to that of japan in the 1990s. can you talk as to where the similarities are? i think the similarities,
Let s begin in china, because an incremental cut to a one year lending rate on monday has raised concerns that the world s second biggest economy is weaker than expected. the one year loan prime rate has now been reduced twice this year. and stands at 3.45%, ..down from 3.65% in may. the aim is to nudge businesses and individuals to borrow money. hong kong based market strategist vincent chan of al theia capital told me the market thinks the chinese government is not doing enough. the company seems to be more concerned about growth but it is not doing enough as the market expected to boost growth. market expected to boost urowth. , ., , market expected to boost urowth. ., , ., ., . growth. the economy data which shows weak growth. the economy data which shows weak growth growth. the economy data which shows weak growth and - growth. the economy data which shows weak growth and record i shows weak growth and record high unemployment and economy in deflation and a securing crisis, s