PBOC May Cut Interest Rates in July, May 1

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May 1 (Bloomberg) -- Joy Yang, chief China economist at Mirae Asset Securities (HK) Ltd., talks about the nation's economy and central bank monetary policy. China’s manufacturing expanded for a fifth month in April, reducing the case for policy makers to open the taps on credit in the world’s second-largest economy. Yang speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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