China unleashes stimulus blitz to boost ailing economy

China's central bank announced significant measures to support economic growth and meet its 5% annual target. Actions include reducing reserve requirements and key policy rates, alongside a package for the troubled property sector. Financial markets responded positively, but analysts remain skeptical about whether these steps will resolve deeper economic issues.

Sep 24, 2024 - 11:30
China unleashes stimulus blitz to boost ailing economy
China's central bank announced significant measures to support economic growth and meet its 5% annual target. Actions include reducing reserve requirements and key policy rates, alongside a package for the troubled property sector. Financial markets responded positively, but analysts remain skeptical about whether these steps will resolve deeper economic issues.