The Traderszone Network

Published in TZ Latest News 13 May, 2015 by The TZ Newswire Staff

China economy loses more steam in April, further stimulus on the cards

China’s money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world’s second-largest economy was still losing momentum despite a concentrated burst of policy easing. The central bank is expected to follow this week’s interest rate cut with more stimulus in coming months, while the government may ramp up spending to try to energize the economy, which looks set for its worst year in 25 years.

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