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          BIZCHINA> Center

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          Comments on China's huge interest rate cut Wednesday
          


          By Xin Zhiming and Wang Bo  (China Daily)
          
 Updated: 2008-11-26 20:48
          



 

          

          Special coverage:
          
Interest Rate Cut
          
Coping with Financial Crisis
          



          

          

          

          

          Comments on China's huge interest rate cut Wednesday
          


          

          Dong Xian'an: macroeconomic analyst, China Southwest Securities
          


          The cuts in the interest rates are well beyond market expectations. The cuts may lead to reduced interest payments for homebuyers of up to 300 billion yuan, while enterprises would benefit from reduced lending costs. The move is in the right direction, as it would help enterprises and consumer consumption.
          


          The central government stance has become clearer than ever and the authorities may cut the rates again in December if the November economic indicators do not show much improvement.
          


          

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