FIRST AIRED: May 23, 2017

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00:00:00
nnnnn china's central bank cut interest rates on sunday the third time in six months local media spelling out the benefits for ordinary folks saying chinese can now expect to pay less for their mortgages and see their stocks go up but the last two cuts didn't do much to help hold the world's second largest economy out of its biggest right in a quarter of a century , so will the third time be better reuters correspondent neat taplin has been watching the numbers closely , so i think the question is %HESITATION , you know to what extent can the government get the funds were they with are really needed arm and it's , somewhat questionable whether they can do that simply by by cutting the rates that banks where %HESITATION , you know it's it's mostly it's our biggest impact on the state sector which is is not really ready for officials , the rate cut follows a wild roller coaster of a week for china stocks the benchmark shanghai composite index dropped a whopping seventy plus percent by mid week before it started to claw back a bit a bull market can often do more for consumer spending than just a rate cut as happy investors splurge beijing desperately need some wins , export engine has been sputtering and economists blame china's policy makers for doing too little too late to get the nation's one billion consumers to loosen up their purse strings