Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

China's surprise rate cut signals desperation, bad news ahead

Livewire News

Livewire

China's surprise rate cut signals desperation, bad news ahead. Friday's announcement reveals troubling trends in China's economy and even its political system. Going forward, do not expect good news coming out of the country, perhaps for years. What does the PBOC's out-of-the-blue rate cut suggest? As an initial matter, it tells us Beijing has finally come to the realization that something had to be done about the slumping economy... It's about time China's officials recognized reality. A big-jolt stimulus would not have been required if the country was in fact growing at a 7.4% clip, the rate the official National Bureau of Statistics reported for the first nine months of the year... Last week's move indicates-screams, actually-that low estimates of growth, which up to now have been widely rejected, were in fact close to the mark. (VIEW LINK)


3 topics

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.