China Cuts Interest Rates Today

[Guest Tony n Terrific]

The latest cut followed a weekend pledge by Premier Wen Jiabao to make a priority of creating jobs for new university graduates, reflecting the communist government's fears of unrest as unemployment rises.

Thousands of factories have closed as global demand for Chinese exports plunges, and workers have clashed with police in protests over unpaid wages.

 

 

http://news.yahoo.com/s/ap/20081222/ap_on_...sMl8yRwcKlvaA8F

[shadeOgray]

The latest cut followed a weekend pledge by Premier Wen Jiabao to make a priority of creating jobs for new university graduates, reflecting the communist government's fears of unrest as unemployment rises.

Thousands of factories have closed as global demand for Chinese exports plunges, and workers have clashed with police in protests over unpaid wages.

 

 

http://news.yahoo.com/s/ap/20081222/ap_on_...sMl8yRwcKlvaA8F

 

Wah Woe

Hope that will be enough to stimulate the job market but I doubt it.

[rogerluli]

The latest cut followed a weekend pledge by Premier Wen Jiabao to make a priority of creating jobs for new university graduates, reflecting the communist government's fears of unrest as unemployment rises.

Thousands of factories have closed as global demand for Chinese exports plunges, and workers have clashed with police in protests over unpaid wages.

 

 

http://news.yahoo.com/s/ap/20081222/ap_on_...sMl8yRwcKlvaA8F

 

Wah Woe

Hope that will be enough to stimulate the job market but I doubt it.

 

The last THIRTYSEVEN cuts didn't do it either... Maybe if they gave people a 25% bonus to take their money out of the bank and blow it on worthless STUFF like Americans...