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          Comments on China's huge interest rate cut Wednesday
          


          By Xin Zhiming and Wang Bo  (China Daily)
          
 Updated: 2008-11-26 20:48
          



 

          

          Special coverage:
          
Interest Rate Cut
          
Coping with Financial Crisis           
          


          Comments on China's huge interest rate cut Wednesday
          


          

          Ma Ming
          

: economist, Beijing Institute of Technology 


          The surprisingly big cuts in interest rates are due to the exceptionally fast slowing of the economy. Economic growth in the fourth quarter could be very worrying. In the southern and eastern regions, the trend of capital exodus has become rather obvious as the economic growth slows.
          


          The government must prevent financial institutions from incurring large amounts of bad loans as the property market confidence weakens. And certainly today's cuts would not be the last for the year.
          


          

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