China ex-adviser: priority is to prevent slowdown (Reuters)

[Mgtrben news]

Reuters - China is unlikely to raise interest rates soon and is more likely to cut than raise banks' required reserves as Beijing aims to prevent a further slowdown in economic growth, former central bank adviser Li Yang said in remarks published on Monday.

Source (http://us.rd.*****.com/dailynews/rss/asia/*http://news.*****.com/s/nm/20100823/bs_nm/us_china_economy_growth)