China Stimulus: Tom Essaye Quoted in Barron’s
China Stimulus Helps Asian Stocks Trade Higher
Worries over a slowdown in China have rattled global markets in recent months, with stimulus from Beijing doing little to stem the bleeding in stocks. However, the latest move to shore up the country’s economy seems to have been received more positively.
“China cut bank reserve requirements by 25 basis points in the latest step to help support the Chinese economy. And there are signs these measures are starting to have an impact,” said Tom Essaye, founder of Sevens Report Research.
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