ChinaZhōngguó中国to announcexuānbù宣布majorzhòngdà重大economicjīngjì经济stimuluscìjī刺激planjìhuà计划。
September 25, 2024 at 2:00 PM
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China & WorldChina announces major economic stimulus package
Central bank governor Pan Gongsheng announces comprehensive measures including reserve requirement cuts and interest rate reductions.
Central bank governor Pan Gongsheng announced comprehensive package measures, including fifty basis point reserve requirement cut. Political bureau meeting pledged additional fiscal support. Five hundred hundred million yuan stock market support fund launched. This is largest stimulus since COVID. Measures aimed support economic growth. Analysis analysts indicate stimulus help enhance market confidence.
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