"These measures - which include cutting interest rates and supporting the beleaguered property and stock markets - come amid signs the Chinese economy will fail to grow at the government's target rate of 5 percent this year."
"A slew of recent data has revealed the China economy is slowing faster than expected: Growth in industrial output and retail sales has slowed, while the stock market and investment in real estate took a nosedive."
"Pan Gongsheng, governor of the People's Bank of China, said that Tuesday's stimulus measures were designed to 'support the stable growth of the Chinese economy.'"
"While some analysts doubted that the stimulus measures would be enough to revive the moribund economy, markets reacted favorably to the news."
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