Comments from Beijing-based Goldman Sachs economist Song Yu:
- Says growth in China has likely troughed
- There is a rebound to come
- "Now it's very similar to this time of last year in terms of having a combination of monetary, fiscal and administrative loosening. The data in recent years consistently show us one thing: If the Chinese government really, really wants to push up short-term growth, they can."
- Forecasts GDP to rise 6.8% this year and 6.7% in 2016
Over the weekend the PBOC cuts benchmark lending rates by 0.25%
