More on the PBOC rate cut: It's the first reduction since the depths of 2008's financial crisis,...
More on the PBOC rate cut: It's the first reduction since the depths of 2008's financial crisis, and follows on the heels of China's banking regulator delaying for a year stricter bank capital rules. Beijing has also been seen fast-tracking previously tied-up infrastructure projects. Amidst a strong worldwide rally yesterday, shares in Shanghai fell 0.7%. The slowdown clearly has Beijing's attention.
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