China unleashes stimulus blitz to lift growth
China unleashes stimulus blitz to lift growth
25/9/2024 6:32

China has unleashed a swath of stimulus measures including cuts to its benchmark interest rate as Beijing battles a slowdown in the world’s second-largest economy.

In a rare public briefing on Tuesday, the People’s Bank of China also announced government funding to boost the stock market and aid share buybacks, as well as more support for the stricken property sector.

Source: Financial Times

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