INSUBCONTINENT EXCLUSIVE:
recent initiative involves issuing an extraordinary 2.3 trillion yuan ($330 billion) in special bonds over the next three months
to boost liquidity and reduce borrowing costs
It cut the reserve requirement ratio for banks by 0.5 percentage points, injecting about 1 trillion yuan ($142 billion) into the economy.The
central bank also lowered key interest rates, including the seven-day reverse repo rate by 0.2 percentage points
To support the struggling real estate sector, the PBOC reduced interest rates on existing mortgages by an average of 0.5 percentage
points.It also lowered the minimum down payment for second-home buyers from 25% to 15%
These measures aim to revitalize the property market, which has been a major drag on economic growth.The government has relaxed restrictions
on home purchases in major cities like Shanghai, Guangzhou, and Shenzhen
effectiveness of these measures remains uncertain given the deep-rooted problems in the property market
sovereign bonds to fund various initiatives
These include subsidies for consumer appliance purchases and a monthly allowance of 800 yuan for families with second or subsequent
infrastructure projects and boost local economic activity
Economic Woes Deepen: Stimulus Measures Fall Short as Growth SlowsDespite these extensive measures, some economists argue that China needs
growth has left it vulnerable to external shocks and domestic imbalances
True economic revival may require a shift towards a more consumption-driven model and increased market liberalization.As China continues to
roll out stimulus measures, the global economic community watches closely
The success or failure of these efforts will have significant implications not only for China but for the world economy as a whole.Only time
