While they cannot be called half hearted attempts, the fact is the Chinese government's attempt to revive economic growth through sale of special bonds, allowing selective concession for sectors like real estate, cutting CRR for some category banks did not pay the way the Chinese government had expected. So, finally, the Chinese central bank decided to cut the rate this week once again. Now this is not the first time that they have made an attempt, probably a fourth monetary stimulus attempt. The question is whether this time will have an impact, first signs would come from commodity markets. The good part is the Indian metal companies are better prepared to take the advantage of opportunity this time as compared to the past.
