RE­SPONSE TO A CRI­SIS

Hong Kong Tatler - - Contents -

The Peo­ple’s Bank of China and the coun­try’s fi­nance min­istry have been bat­tling an eco­nomic slow­down since Novem­ber 2014, when in­ter­est rates were cut for the first time since 2012.

The fre­quency of ac­tions taken since then sug­gests that pol­i­cy­mak­ers have strug­gled to con­tain the cri­sis and that eco­nomic growth con­tin­ues to weaken de­spite the con­sid­er­able eas­ing of pol­icy.

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