China Unleashes Stimulus Blitz to Support Economic Growth

China’s central bank announced a raft of policy measures at a rare briefing on Tuesday. Officials in Beijing are making their broadest swing so far to hit this year’s annual growth target of about 5%, as Stephen Engle reports on Bloomberg Television.

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[Infinitymazepa]

Have yall caught wind of Glen Howard Chester? word is, he executed a successful short position on the Chinese Index, yielding an impressive 185%gain 2months ago, before china-stocks reversed course to rise.

[living_well_]

Kitchen sink! Bloomberg TV needs more educated hosts and guests.

[lordlee]

1 trillion? That’s less than the interest payment US government pays on its debt

[Joegolberg]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[hejjbdhfg-ij]

don't think it's a big stimulus, small one to improve confidence i would say.

[cloudwithwind]

It seems normal for the United States to cut interest rates and China to implement measures to stimulate the economy!

[chrisaycock]

Doesn't solve toxic work culture or the shrinking population in general....

[PhatChin]

This Haslinda needs to check herself and stop screaming because she looks extremely juvenile

[skyak]

Looks like the old “extend and pretend” plan.

[Nik-ikmv]

Bloomberg is salivating, as expected.

[FrostedGlyph]

They never mentioned the total value of the package did they?

[nixic_]

Freeing up $142B for lending when there is no demand is too little too late

[lokyinphotography]

I have family live in China, Chinese have no problem to spend. All the tourist places are very busy and you can't tell there is a sign of weakness in the economy.

[marc_so]

I'm not so sure that reducing the reserve ratio requirements is a great idea.

[WilliamFang]

Need to get consumers to spend money. Maybe send out coupons that is redeemable at time of sale for 30% discount the government will pay. For example, at a restaurant, what used to cost the consumer 100 will cost only 70, with the remaining 30 paid by government to the business either upfront or as tax credit.

[MrKenng]

Let's hope that all the economic indicators like PMI consumer confidence retail sales investment spending, manufacturing index and exports will all come out a lot weaker than expected.

[iahlee]

The solution for everything: just keep printing more!

[jakw]

Just so everyone understands, this is not a good sign.

They are lowering safety standards in bank reserves to increase speculation i over priced real estate and industrials.

This is bigger than the US

[GangDaiDai]

Chinese National Day just in 1 week, they do stimulus market every year at this time

[hosackies]

So just print more money... Great plan