| Things were fragile for long in China given the protracted slowdown in the domestic manufacturing sector, credit crunch concerns and a property market slowdown. As a result, the Chinese economy has been undergoing a tumultuous phase for the last few months.
To inject fresh optimism into the ailing economy, the People's Bank of China (PBOC) went into an accommodative policy mode last year, cutting interest rates thrice in just six months, announcing a mini stimulus package mainly targeted at railways and other construction investment, declaring a tax relief for small enterprises and so on. But nothing could repair the economic hole...............................................Full Article: Source
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