China factory output growth at three-year low, spurs easing hopes
BEIJING (Reuters) - Annual growth in China's factory output slowed to its weakest in more than three years in July, missing market forecasts and increasing expectations that Beijing will take further policy steps to support an economy that has been sliding for six straight quarters.
"Stimulus" has become the buzz word in the financial world in recent weeks. Countless news headlines claim that world markets rallied "on the hopes of stimulus from global central banks" Central bank pledges to stimulate financial markets with new and easy money merely greases the ‘Slope of Hope’ which all bear markets descend. The only question remaining is how long will the hope persist?
