Hard Landing Still a Distinct Possibility for China

Call me the Anti-Cramer on the subject of China, as this is one area in which my view is not necessarily aligned with Jim's. Jim Cramer is optimistic on China, believing that policy introduced on Thursday will be growth-inflating. He also believes that this is "the beginning of a loosening of Chinese interest rates, if we are to believe that the long-awaited interest rate cut is here, then there are plenty of stocks to own [in China]."