China unveils raft of measures to boost economy
China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending.
People’s Bank of China lowered the seven-day reverse repo rate, as well as both the one-year and five-year loan prime rates, just days after the conclusion of the third plenum. The Bank for ...
The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down. By Keith Bradsher President Xi Jinping is presiding over a ...
U.S. bond yields rose early Tuesday after the People’s Bank of China revealed an extensive stimulus package designed to revive the world’s second biggest economy.
A widely followed global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday ...
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