"The PBoC and Politburo, all leaning in on putting a floor in property, boosting equities and backstopping households, have hit the right notes," said Vishnu Varathan. This highlights the coordinated efforts by Chinese authorities to stabilize the economy amid serious challenges.
The capital market is not just a 'barometer' of the macroeconomy, but also a 'thermometer' of investor sentiment. Boosting the capital market is an important breakthrough in strengthening confidence, leading to improved expectations for economic development.
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