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TaiwanPlus News
  • 9/24/2024
After a period of weak economic performance, China's central bank has announced stimulus measures in an attempt to boost the economy and reach its growth target this year.

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00:00China's central bank has announced stimulus measures to fight deflation and disappointing
00:05economic performance. It plans to reduce the amount of cash banks need to hold in reserve,
00:11freeing up around US$140 billion for banks to lend. It's also cutting mortgage rates
00:17and the central bank's own lending rate. Chinese stocks and bonds rose after the announcement.
00:23Depending on the situation later in the year, interest rates for loans may be lowered even
00:28more.

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