Stocks are on the rise around the world on Tuesday following new Chinese central bank policies aimed at supporting its ailing economy.

While the moves have been perceived as good news by investors, Citi Research’s latest weekly track-chart on the Chinese stock market is still showing more negative indicators than positive ones.

The Moves

The People’s Bank of China (PBOC) announced that it is cutting its one-year bank lending benchmark rate by 0.25 percent to 4.6 percent and reducing one-year benchmark deposit rates by the same amount.

In addition, the PBOC is reducing the reserve requirements (RRR) for most big banks from 18.5 percent to 18.0 percent.

Hoping For A Different Outcome

The latest moves by the PBOC came…

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