Private banks: Beijing’s stimulus package more aggressive than expected, but still falls short

By Kylie Wong , senior data reporter | 25 September 2024 | 5 minutes read

On Tuesday, China’s authorities unveiled a package of measures to boost market sentiment as Asia’s largest economy continues to struggle with weak domestic demand and a drawn-out property market slump. Used to a cautious Beijing, private bank analysts were surprised with the extent of this latest round of measures. However, they still believe the package falls short of the stimulus…

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