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16%  
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Keyword: theyreintrouble

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  • China Unveils Fresh Stimulus to Boost Ailing Economy

    09/24/2024 3:32:29 PM PDT · by nickcarraway · 4 replies
    Channel News Asia ^ | 24 Sep 2024
    China unveiled some of its boldest measures in years on Tuesday (Sep 24) aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressure and high youth unemployment. The world's second-largest economy has yet to achieve a highly anticipated post-pandemic recovery and the government has set a goal of five per cent growth in 2024 - an objective analysts say is optimistic given the headwinds it is facing. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would cut a slew of rates in a bid...