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Don't Expect China Stimulus to Have Same Effect as the Fed's

When it comes to spiking the global punch bowl, Zhou Xiaochuan doesn’t come close to central bankers in the U.S. or Europe.

After central bank stimulus from the Federal Reserve and European Central Bank had a ripple effect in foreign financial markets, economists from UBS Group AG are advising investors not to expect a similar lift as Zhou’s People’s Bank of China cuts interest rates and encourages banks to lend.