China’s Stimulus

Asian stocks steady after China stimulus, euro hurt by Greek woes

Another article from Reuters.  I try to maintain informing people about Chinese culture and it has expanded to Chinese politics and economics.  As the title of this article states, it also talks about Greece’s possible default on its debts.  Since I do not write anything Greek-related, I cut the article short, but you can visit the article’s source (link at the bottom) and read the remainder of the story.

Mon Apr 20, 2015 8:49pm EDT

TOKYO |

(Reuters) – Asian stocks were firm on Tuesday after China’s latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was steady, with the dollar’s gains against some Asian currencies offsetting a rise in stock prices in local currency terms.

Japan’s Nikkei .N225 and South Korean shares each added 0.2 percent .KS11, while Australian shares rose 0.4 percent .AXJO.

The Chinese central bank on Sunday cut the amount of cash banks must hold as reserves in its latest attempt to spur lending and combat a slowing economy. The news followed reports last week about a crackdown on margin lending there, which had sent global equity markets lower on Friday.

“China’s action undid the damage caused by the crackdown (on speculative buying in Chinese stocks on Friday),” said Hirokazu Kabeya, chief global strategist at Daiwa Securities.

“Chinese authorities seem to be worried that the stock markets are rallying despite weak economic fundamentals… There could be more stimulus down the road.”

The China stimulus news helped to life European and U.S. shares on Monday. The S&P500 index .SPX rose 0.9 percent.

Read the rest 

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Leanne

I began writing Elle's Adventure in China (EACh) in June 2014 as a fun summer project, but as obstacles kept interfering with my plans, I forked and forked more options. I took writing this novel much more seriously in mid-July, and want to have it officially published someday in my lifetime. As many artists put their hearts into their projects, so do I. I did not start out liking to read, but a professor suggested a book for me for homework a few years ago, and it was an amazing book. Since then, I read for pleasure, and I hope my novel, Elle's Adventure in China, does the same for as many of you as possible. The same thing goes to writing. I did not like to write until I took a course where the professor and papers made me love to write. I hope every one of you find what makes you happy and dedicated to work. In May 2015, I started my other blog, Read and Write Here (R&WH), as a place to post other things that aren't China- and Chinese culture-related and not EACh. I share some of my memories and experiences from student teaching, irregular participation in Daily Prompts, etc. I'd like to have regular people and bloggers to write book reviews and post it on R&WH someday. Keep reading and writing!

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