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China won't use 'bazooka-like stimulus' to fire up economy despite rate cut, but long-term problems lurk

The world's second-largest economy is facing a series of headwinds, including its property market, mountains of debt, slowing exports and the risk of deflation China's central bank on Tuesday lowered a short-term lending rate for the first time in 10 months in a bid to restore market confidence and prop up the economy Hopes of more measures to shore up China's economy in the short term are building after this week's policy rate cut, although...
Guan Tao Li Qiang Robin Xing Yu Yongding Luo Huining Xinhua News Agency
Source: msn.com

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