China’s Stimulus Blitz: What We Know So Far and What to Expect
- Beijing announced dizzying array of steps to boost the economy
- Measures include monetary easing, support for stocks and homes
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China gave its economy a shot in the arm with an extraordinary flurry of stimulus measures in the past week. The moves range from monetary easing to support for the struggling real estate sector.
While some details are missing, the unusual pace and intensity of the announcements signaled a sense of urgency in Beijing to put growth on track for the around 5% target, buoying market sentiment.