The U.S. Federal Reserve is widely expected to finally start taking its foot off the interest rate brakes this week, and that will give authorities at China's central bank room to act too. By extension, the move in Washington, D.C. could also spell good news for Chinese stocks. "U.S.
The core consumer price index that strips out food and energy prices only gained 0.3% in August from a year ago. In a rare public comment signaling the sense of urgency, former People's Bank of China governor Yi Gang said earlier this month that China needs to focus on fighting deflationary pressures . "It's more than just real estate," Costello said. "It's a fundamental crisis of confidence in some ways.
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