“Prudent” PBOC cuts rates

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Recall the words of CCP economic working group:

First, we will unswervingly implement the new vision for development; 二是坚决打好三大攻坚战

Second, we will resolutely fight the “three tough battles”;三是确保民生特别是困难群众基本生活得到有效保障和改善

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.