Qu Sees PBOC Move as `Official Start’ of Easing Cycle

Dec. 1 (Bloomberg) — Qu Hongbin, a Hong Kong-based economist for HSBC Holdings Plc, talks about China’s economy and central bank monetary policy. China yesterday cut the amount of cash that banks must set aside as reserves for the first time since 2008 as Europe’s debt crisis dims the outlook for exports and growth. Qu speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)

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