Fri, 08 Jun 2012 09:38:28 GMT
China's interest rate drop may backfire: Jim Walker
Jim Walker, Asianomics' Ltd. chief economist, believes that
China's decision to decrease the lending as well as deposit percentage is a
sign of a weakening economy and will not help to improve the current economic
state. The economist indicates that the
situation is more severe than the government initially expected and signifies
that the global economy is going to face a slowdown. He added that