China cuts interest rates to warm up real economy trim starlets. Sensual females.

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Beijing (CNS) -- The People's Bank of China's unexpected reduction of interest rates on Thursday is a clear sign of the PBC endorsement of real economy stimulation, and its determination to lower the costs of financing business activity, commented Zong Liang, Deputy General Manager with the Institute of International Finance, Bank of China.

The asymmetric interest rate cuts will stimulate investment and consumption, serving as a countermeasure to economic slowdown, Zong added.

The reduction policy came earlier than expected, said Chu Jianfang, chief economist with CITIC Securities, mainly due to huge economic downside pressure in the second quarter. The policy is aimed to attract market capital to real economy sectors in view of the fact Q2 GDP growth is expected to go below 8 percent.

Lu Zhengwei, chief economist at Industrial Bank, echoed Chu's opinion, adding that this interest rate policy is a relatively gentle measure that only works in the long term, and suggesting more emphasis put on the constraint of supervisory indexes such as loan-to-deposit ratio and capital adequacy ratio on credit loans.

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