China’s central bank just threw a monetary policy party, cutting key interest rates and freeing up cash for banks to boost the economy. The move, announced Friday after a high-level Politburo meeting, sent stocks soaring as investors cheered the stimulus aimed at revving up growth.
Ben Harburg from MSA Capital called the decision a \"game-changer for global investors\", especially with Beijing rolling out plans to stabilize sectors like tech and real estate. Overseas institutions are now eyeing China’s markets like never before, he told CGTN.
Why does this matter? With youth unemployment and property market jitters making headlines, these measures show China’s doubling down on economic resilience. Think of it as a financial adrenaline shot – and markets are here for it.
Reference(s):
cgtn.com