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Monday, September 23, 2024

#investment #finance - China Sparks Stimulus Hope With Rate Cut After Weak Data: Bloomberg Television

23 September 2024

A short-term policy rate cut is fueling hopes that Chinese officials are preparing to boost efforts to revive growth, after a series of weak data including slumping budget spending and rising youth unemployment.


Bloomberg economist Eric Zhu discusses the headwinds facing the country and why recent measures haven't worked so far.

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