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China: Can Fiscal Spending Save the Day?

Posted on October 09, 2008

Wednesday s 27 bp rate cut and 50 bp reduction in minimum reserve requirements by the PBoC had the expected impact on the stock market: None. The SSE Composite declined 0.8% today to close at 2075. Another day like Wednesday and we ll be testing 2000 once again. ...

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china , sse