Published 09/24/2024 1:23:10 a.m.

China cuts rates, rolls out other moves to help the slowing economy

The Chinese central bank announced measures to revive the sluggish economy and address the downturn in the property sector on Tuesday.
Central bank chief Pan Gongsheng stated that the reserve requirement ratio will be cut by 0.5 percentage points to boost growth.
China's economic growth has slowed due to a real estate slump, leaving consumers reluctant to spend.

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BBC News

China unveils raft of measures to boost economy

It comes just days after the US central bank cut interest rates for the first time in over four years.

09/24/2024 5:56:49 a.m.·United Kingdom

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Reuters

China c.bank will cut banks' reserve requirement ratio by 50 bps

China's central bank will cut banks' reserve requirement ratio by 50 basis points and further reduce key interest rates to support a recovery in prices, its governor Pan Gongsheng said on Tuesday.

09/24/2024 1:23:10 a.m.·United Kingdom

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Associated Press News

China cuts rates, rolls out other moves to help the slowing economy

China has rolled out a raft of measures aimed at countering a prolonged downturn in its property market that is dragging on the world's second largest economy. The chief of

09/24/2024 1:52:10 a.m.·United States

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Hindustan Times

China's central bank cuts bank reserve rates, pledges other moves to help the economy

09/24/2024 2:19:38 a.m.·New Delhi, India

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abc News

China's central bank reduces required reserves for lenders, part of a slew of moves to support the slowing economy

09/24/2024 1:37:15 a.m.·United States

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The Washington Post

China moves to boost ailing economy with property, stimulus measures

The world’s second-largest economy has struggled to rebound from the pandemic, leading financial authorities to cut interest rates and support the property market. Read More The post China moves to boost ailing economy with property, stimulus measures appeared first on Drudge Report.

09/24/2024 8:32:05 a.m.

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