Advertisements
//
you're reading...
China Daily Mail


China Daily Mail

China‘s central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan ($63.5 billion) for lending to head-off the risk of a sudden slowdown in the world’s second-largest economy.

The People’s Bank of China delivered a 50 basis point cut in banks’ reserve requirement ratio (RRR), effective from May 18, the third cut in six months and one that investors had called for after data on Friday showed the economy weakening, not recovering, from its slowest quarter of growth in three years.

Industrial production weakened sharply in April and fixed asset investment – a key growth driver – hit its lowest level in nearly a decade, surprising many economists who thought Q1’s 8.1 percent annual rate of growth marked the bottom of a downswing and were expecting signs of recovery in Q2 data.

“The central bank should have cut…

View original post 684 more words

Advertisements

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

Trackbacks/Pingbacks

  1. Pingback: Developing World’s Market Bubble Set to Bring Global Depression « News Worldwide - May 17, 2012

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Advertisements

407 Training Visas

Get An Australian Diploma

Learn How To Sell Real Estate To Chinese Buyers

Learn How To Sell Real Estate To Chinese Buyers

writer@craighill.net

Join 1,671 other followers

China Daily Mail Latest Headlines On Twitter

Twitter – China Daily Mail

Advertisements
%d bloggers like this: