Friday, November 21, 2014

China Cuts Interest Rates to Boost Economy

China has now cut its interest rates to boost its economy. Clearly, they have taken note of declining oil prices, and have deftly used the opportunity to give some useful stimulus to their economy in the meantime:

http://abcnews.go.com/International/wireStory/china-state-media-central-bank-cuts-rates-27075882


So where's India? What's India doing right now, while everybody else marches ahead?

http://www.reuters.com/article/2014/11/21/us-india-modi-economy-idUSKCN0J50NL20141121

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