People are saying, analysts are saying that this uncertainty over the chinese stock market is weighing down on shares. South koreas indexes all the index is also down. Rishaad for those unconvinced by chinas stimulus a chinese economist joins us from beijing. What is the motivation behind all of this . I think there is two factors at work. Firstly, as a practical matter, china is seeing funds flow out of the economy. Affect reserves are for Exchange Reserves are shrinking so lowering the reserve requirement ratio is necessary just to replace the funds that are leaving. Secondly, the bigger consideration for chinese leaders, is concerned that growth is too weak and that previous rate cuts and reserve requirement cuts have not been enough to revive loan demand. The price cuts in the reserve requirement ratio that we saw on sunday, a four percentage point cut, where normally the Central Bank Moves in half a percentage point in half a percentage point increments, really shows it is a big m
Bordighera: inaugurata oggi la mostra La fine del male dedicata all artista Davide Puma (foto) - Sanremonews it
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