Cuts, cash, credit: China bids to jumpstart flagging economy
Beijing (AFP) Sept 27, 2024
China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The stimulus followed warnings that more state support was needed to get the world's second-largest economy back on track and hit growth targets for 2024. Here are the steps announced by Beijing this week: -
China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The stimulus followed warnings that more state support was needed to get the world's second-largest economy back on track and hit growth targets for 2024. Here are the steps announced by Beijing this week: -