China has launched a new monetary policy aimed at reinvigorating its slowing economy. The move echoes the country’s stance in 2008, when it implemented similar measures to stabilize the financial system.
However, it remains to be seen whether this latest approach will be enough to address China’s economic challenges. The Chinese government has taken steps to inject liquidity into the economy and stimulate growth, but the effectiveness of these measures is uncertain.
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Source: https://www.bloomberg.com/news/newsletters/2024-12-09/china-s-new-monetary-policy-echoes-2008-stance?srnd=homepage-asia