International Economic

China unveils stimulus package to bolster flagging economy

By Frank Prenesti

Date: Tuesday 24 Sep 2024

(Sharecast News) - China's central bank unveiled a raft of cuts to reserve requirements and lending rates, including for existing home loans, as it tried to stimulate the country's stagnant economy.
The People's Bank of China said it would cut the amount of cash that banks must hold as reserves -...

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