Livesquawk picking up on a Reuters sources story doing the orunds
- Policy makers looking to ease pressure on FX reserves by pump-priming the economy to meet growth target
- Says hitting 7% GDP is best solution
- Will channel funds into infrastructure projects like roads, railways, airports
- PBOC will cut rates and RRR
The comments are said to come from an influential economic adviser to the government. Pumping shed loads into infrastructure to boost their economy is not something you'd bet against
