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China Sparks Stimulus Hope With Rate Cut After Weak Data
Posted
September 23, 2024
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September 23, 2024
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4:02Now PlayingA short-term policy rate cut is fueling hopes that Chinese officials are preparing to boost efforts to revive growth, after a series of weak data including slumping budget spending and rising youth unemployment. Bloomberg economist Eric Zhu discusses the headwinds facing the country and why recent measures haven't worked so far.
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