Content
@
0 reply
0 recast
0 reaction
Johnson
@moonfun
The news that has been an issue since yesterday is China. China's central bank has announced a wide range of measures to boost the country's weakened economy and sluggish stock markets. The market hasn't reacted to this news before, but this time it has reacted because it was a major stimulus package. The main measures are to cut the benchmark interest rate, cut the reserve ratio, and help the central bank buy back Chinese shares and strengthen its share buyback support. The plan is to boost China's economy by easily releasing a lot of money. The market's response was good, but there are many worrisome opinions. Many say it is not enough to fundamentally revive the Chinese economy amid the current real estate crisis and trade tensions caused by the presidential election. We have to wait and see how long these Chinese issues can continue.
0 reply
0 recast
0 reaction