The Chinese central bank's announcement to cut policy rates is not surprising given the country's weak economic fundamentals, but monetary policy easing so far has limited impact on improving the growth momentum, pointing to an ineffective policy transmission process, says a report by ANZ. The People's Bank of China said tonight that it would cut […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.