Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

Morgan Stanley: China to slash rates, spend to fuel growth
Published on: 2008-10-07
Share to
User Rating: / 0

China will cut interest rates as many as five times by the end of 2009 and will step up spending to limit the effect of the "global financial tsunami'' on the nation's economic growth, Morgan Stanley said. The central bank will cut borrowing costs by 27 basis points each time, reducing the one-year lending rate to as low as 5.85% next year from 7.2% now, Qing Wang, a Hong Kong-based economist, said in a note on Tuesday. Government spending may add as much as 3% points to economic growth, he said.
Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.