China stimulus pushes global shares to new peak

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00:00China's stock market shows an increase in more than two years.

00:03China's central bank lowered the interest rates, and new incentives

00:07were added by their government to improve the stock market.

00:11This move shows an effort to revive the second biggest economy.

00:15Although China's government's goal this year of reaching 5% growth might be difficult to hit,

00:20the central bank also offered an amount of $70 billion to investors to buy stocks

00:26and more funds for companies to buy back shares.

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