BEIJING, Sept 24 (AFP): China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate.
China's economy, the world's second-largest, has yet to achieve a highly anticipated post-pandemic recovery as it is battered by a prolonged property sector debt crisis, continued deflationary pressure and high unemployment.
The country's leadership has set a goal of five percent growth in 2024, an objective analysts say is optimistic given the headwinds the economy is facing.
China unveils fresh stimulus to boost economy
FE Team | Published: September 24, 2024 23:49:15
China unveils fresh stimulus to boost economy
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