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China's Stimulus Package, Global Reactions

China's Stimulus Package, Global Reactions

Morning Brief

September 24, 20249m 43s

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Show Notes

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.

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