BFM Podcast
China's Stimulus Package, Global Reactions
25-Sep-24 08:45
Tommy Xie, Head of Asia Marco Research, OCBC Bank
Markets in China and Hong Kong rallied more than 4% following the People's Bank of China's announcement of plans to lower borrowing costs and allow banks to increase their lending. These measures are aimed at reviving the country's flagging economy. Tommy Xie, the head of Asia Macro Research at OCBC Bank, shares his thoughts on whether or not these measures will do the job.
Image Credit: shutterstock.com
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