Growth in Chinese industrial companies’ profits slowed in June as the economy cooled, costs rose and prices fell on moderating demand and overcapacity.
China’s stocks rose the most in a week, led by financial and technology companies, as benchmark money-market rates plunged and speculation grew the government will take steps to support the economy.
China’s economic growth accelerated for the first time in three quarters, as Premier Li Keqiang spurred factory output and investment to meet the government’s expansion goal for 2013.
"The asymmetric interest rate cut could put significant pressure on bank profitability."
- Zhu Haibin on Nov 21, 2014