Reported 14 days ago
China's central bank has introduced its most significant stimulus package since the pandemic to combat economic deflation and work towards achieving the government's growth targets. This comprehensive package includes interest rate cuts and increased funding, aimed at restoring confidence in the economy amidst a backdrop of disappointing economic data and a struggling property market. However, analysts caution that without further fiscal measures, these steps may not suffice to revitalize growth as intended.
Source: YAHOO