Business

China moves to boost a slowing economy

Hong Kong — The central bank of China said it would reduce the amount of money banks had to set aside to stimulate the economic slowdown that had been squeezed by the downturn in the real estate market.

This year was the second move following the move in early July as an effort to inject liquidity into the financial system. The bill shows Beijing’s growing concern over the world’s second-largest economic growth outlook, which has been hit by multiple headwinds in recent months.They include sharp ones Real estate market slowdown As the debt crisis worsens Some of its biggest real estate developers And there is a national power shortage. The potential threat of Omicron variants of coronavirus is increasing concern.

China moves to boost a slowing economy

Source link China moves to boost a slowing economy

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