"The purpose of all these unprecedented maneuvers is to jumpstart a moribund economy that's currently on course to miss an official annual GDP growth target of around 5%."
"It is the first time I've ever seen the Chinese central bank directly use its own money to support the stock and real estate markets," says Lu Xi.
"For the PBoC to unveil three rate cuts at once is itself unprecedented, and it hints at further cuts to reserve requirements before year-end."
"While China's exports for August were up a robust 8.7% year-on-year, imports rose by just 0.5%, spotlighting weak domestic spending."
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