China Rate Cut Should Stimulate Economy

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June 8 (Bloomberg) -- Tomo Kinoshita, deputy head of Asia economic research at Nomura International, talks about China's economy and central bank monetary policy. China cut borrowing costs for the first time since 2008 and loosened controls on banks’ lending and deposit rates, stepping up efforts to combat a deepening slowdown as Europe’s debt crisis threatens global growth. Kinoshita speaks in Hong Kong with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

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