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HSBC’s Qu Says Cut Shows China Does What It Takes for Growth

Qu Hongbin, co-head of Asia Economics at HSBC Holdings PLC (5), comments on China’s decision to cut interest rates for the first time since 2008.

“This move carries a significant message. It is official: Beijing will do whatever it takes to support growth this year. So get ready for more decisive easing measures in the coming months.”

To contact Bloomberg News staff for this story: Zheng Lifei in Beijing at lzheng32@bloomberg.net

To contact the editor responsible for this story: Nicholas Wadhams at nwadhams@bloomberg.net

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