Focus: “Liquidity trap” that China is likely to fall, response to credit crisis | Reuters
SHANGHAI (Archyde.com) – The People’s Bank of China’s (PBOC) unexpectedly cut interest rates on Wednesday underscored the government’s dilemma. It is a composition that the authorities are trying to revive the economy by supplying abundant funds to the financial system, but consumer demand is still not picking up. The People’s Bank of China (PBOC) unexpectedly … Read more