摘要
The market speculated about future changes in China＇s macroeconomic poli- cies after the National Bureau of Statistics released this yeaCs third-quaFter economic growth rate, which slowed to 6.9 percent. In response, the country＇s central bank-- the People＇s Bank of China （PBC）--sent a positive signal to the market. It announced reductions of interest rates and reserve requirement ratios for banks on October 23. The central bank＇s move is supposed to ensure stable economic growth and stabilize the yuan＇s exchange rate.
The market speculated about future changes in China’s macroeconomic policies after the National Bureau of Statistics released this year’s third-quarter economic growth rate,which slowed to 6.9 percent.In response,the country’s central bank—the People’s Bank of China(PBC)—sent a positive signal to the market.It announced reductions of interest rates and reserve requirement ratios for banks on October 23.
