China offers $325 bn in fiscal stimulus for ailing economy …C0NTINUE READING HERE >>>
Chinese policymakers have unveiled a string of stimulus measures to boost an economy blighted by a years-long property sector crisis and chronically low consumption.
Photo: ADEK BERRY / AFP
Source: AFP
China said Saturday it will make $325 billion in fiscal support available to its economy over the next three months, offering help to bolster banks, shore up the property market and free up consumption spending in Beijing’s biggest aid programme since the global financial crisis.
The highly anticipated stimulus came on top of a series of measures announced over the last weeks that have…
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