Rodolfo Ignacio Gebauer Werner
China takes new measures to revive the economy The Chinese central bank has presented new measures and plans to stimulate the country's economy and the stock market has taken it very well The post-pandemic recovery was shorter and less robust than expected, due to the real estate crisis, weak consumption and high unemployment, especially among young people. For this reason, last Tuesday the Chinese central bank announced new measures, including: - A reduction in the liquid deposits that banks must keep as reserves. - A cut in a key interest rate. In addition, last Thursday, China continued to set the tone for the markets by announcing other stimuli to support the real estate sector and more guidelines on interest rates. All this with the aim of trying to reverse the bad situation and reach the 5% growth target set by the authorities for this year. Will they achieve it? We will know that in the coming months. Greetings to all! $BABA (Alibaba-ADR) $CHINA50 $PDD (PDD Holdings Inc - ADR) $0700.HK (Tencent)
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