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China’s central bank tries to save economy—and stockmarket
China's central bank unveils most aggressive stimulus since pandemic
BEIJING, Sept 24 (Reuters) - China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals.
China's central bank cuts bank reserve rates, pledges other moves to help the economy
The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector.People’s Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.
China’s central bank tries to save the economy—and the stockmarket
A s China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration. Officials at the People’s Bank of China (PBoC) at firs
20h
China central bank cuts medium-term loan rate
China's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy ...
19h
China’s Central Bank Adds to Easing Blitz With Another Rate Cut
China’s central bank cut a key policy rate just one day after announcing several monetary easing measures to boost lending ...
2h
Benard Arnault added $6 billion to his net worth in a day after China's stimulus sparked a rally in luxury stocks
Bernard Arnault owns about half of LVMH, which includes luxury brands like Louis Vuitton, Dior, Tiffany & Co., and TAG Heuer, ...
Opinion
2h
on MSN
Opinion
China Puts a Bandaid on Its Economy. Its Still Missing the Real Problems.
Since taking the helm in July 2023, People’s Bank of China Gov. Pan Gongsheng had avoided giant stimulus bursts of the kind ...
11h
Traders Flock to China’s 5-Year Bonds on Lower Intervention Risk
Traders are snapping up China’s five-year government bonds, attracted by the lower risk of central bank intervention for this ...
Channel NewsAsia Singapore
37m
DBS moving to raise China securities joint venture stake to 91%, CEO says
DBS Group Chief Executive Piyush Gupta said on Wednesday (Sep 25) it is in the process of increasing ownership in its China ...
CCN on MSN
12h
Stock Market Rises on China’s Stimulus Package, but Economists Stay Wary
The People’s Bank of China (PBoC) implemented the strongest stimulus measures since the Covid-19 pandemic. Despite concerns ...
23h
on MSN
China bids to kickstart struggling economy as it unleashes biggest round of stimulus since Covid
The People's Bank of China cut its interest rate from 1.7% to 1.5%, eased mortgage rules and loosened bank rules to free more ...
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