China Cuts Interest Rates | Economist Shankar Acharya Comments

Chinese policymakers have finally responded to the clamor for fresh steroids to stem the free fall in Chinese markets. For the 5th time this year, China has cut interest rates to slow down the spiral in the market. Shankar Acharya - Economist at ICRIER told ET NOW that this is an acknowledgement of the severity of the crisis, but the impact on China's economic revival will be minimal. Listen in.