Reported 13 days ago
China's recent stimulus measures, described by strategist Anthony Sassine as a 'mini bazooka,' aim to invigorate the struggling economy. The People's Bank of China cut interest rates across various sectors and adjusted reserve requirements, signaling a commitment to growth. While these moves have boosted market confidence, particularly in stocks, there are expectations for more measures to come, including direct consumer assistance, especially with key retail events like Singles' Day approaching.
Source: YAHOO