► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Ben Bland explains the rationale of the People's Bank<br />After the historic decline in China's stock market, the People's Bank of China cut interest rates and relaxed the reserve requirements for banks. The FT's Ben Bland explains why.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
