​China Launches More Stimulus: PBOC Cuts Rates, Announces Rare Press Conference On Support For Economy – Tyler Durden

China Launches More Stimulus: PBOC Cuts Rates, Announces Rare Press Conference On Support For Economy One month ago, when describing the rapid deterioration in China’s economy – including the crumbling welfare state, the country’s dwindling savings rate, the soaring youth unemployment and jump in labor strikes and overall social discontent – we said that despite its stubborn unwillingness to stimulate the economy, “Beijing will have no choice but to blink in the end, and that will mean unleashing a much delayed stimulus bazooka that likes of which have not been seen yet.” Then, last Friday, when pointing out the record…  — Continue at ZeroHedge News : Read More