China's monetary policy boosts 2024 economic growth: Experts

The headquarters of the People's Bank of China, November 4, 2024. /CFP

China's central bank has employed a multi-pronged approach to support economic growth in 2024, which experts say has effectively supported the real economy.

The People's Bank of China (PBOC) cuts the reserve requirement ratio twice, releasing approximately 2 trillion yuan ($274 billion) in liquidity.

In July and Sep