Reported 14 days ago
China's central bank has unveiled new stimulus measures aimed at combating deflation and energizing the economy. However, Charles Schwab's chief global investment strategist, Jeffrey Kleintop, cautions that these initiatives may not effectively support consumer needs, which represent a significant portion of the economy. He highlights that while there is urgency in the proposals, past attempts have not yielded lasting results, raising concerns about the long-term market impact.
Source: YAHOO