It's been a big week for China's economy. Markets were worried about slow growth, but the central bank surprised everyone with an interest rate cut and new lending measures. While challenges remain in the real estate sector, investors are feeling much more optimistic.
#china #economy #chinanews #chinaeconomy
#china #economy #chinanews #chinaeconomy
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00:00It's been a big week for the Chinese economy. Markets have been worried growth would undershoot
00:06the country's high expectations. Then on Tuesday, the central bank unexpectedly cut interest
00:12rates and announced other measures to increase lending. And now the government has unveiled
00:18more measures to ensure the economy hits its 5% target by pumping in more money. The stock
00:24market has surged. There are still challenges remaining in the real estate sector, but investors
00:30are much more optimistic today than just a few days ago.