Bloomberg Originals
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Shen Says China Rate Cut Signals Shift in Policy Stance
Posted
June 8, 2012
Views
82
June 8, 2012
82
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4:30Now PlayingJune 8 (Bloomberg) -- Shen Jianguang, chief Asia economist for Mizuho Securities Asia Ltd., talks about China's economy and central bank monetary policy.
China cut borrowing costs for the first time since 2008 and loosened controls on banks' lending and deposit rates, stepping up efforts to combat a deepening slowdown as Europe's debt crisis threatens global growth. Shen speaks in Hong Kong with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)
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