China Finds a New Pump to Keep Stocks Aloft

Rate cut sends a message to traders: Keep buying.

What goes up must come down.

Source: AFP/Getty Images

When historians write the definitive accounts of the great Chinese stock bubble of 2015, this weekend's rate move may deserve its own chapter. By cutting borrowing costs to a record low, Governor Zhou Xiaochuan told a hundred million mainland day traders to keep on buying.

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