China SCRAMBLES as Stimulus NOT Working | Real Estate At Risk

China Cuts Borrowing Rates Again in Bid to Juice Recovery Economists say that more drastic measures may be needed, with debt and uncertainty continuing to weigh on consumers’ willingness to spend. Chinese banks trimmed benchmark interest rates on loans to households and businesses, a telegraphed move that follows earlier rate cuts aimed at reigniting a fading economic recovery. Economists say lower borrowing costs might not be the right medicine for China’s economy, however, as households and businesses have shown little appetite to borrow with debt levels already high and prospects for jobs and growth deeply uncertain.

TOPICS AND TIMESTAMPS:
China Getting Weak 0:00
Global Economic Changes 5:50
Geopolitical Tensions 10:46

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