Will China Cut Interest Rates in 2015?

The transcript discusses China's economic growth, highlighting a potential decrease to 7% or even 6.8% as predicted by UBS Wealth Management. Factors such as a shrinking working-age population and reduced foreign demand are affecting growth. Despite a rate cut by the People's Bank of China, monetary conditions remain tight due to falling inflation, suggesting further rate cuts in 2015.

What does President Xi Jinping's statement about 7% growth imply for China's economy?

What are the implications of tight monetary conditions on businesses in China?