China's Stimulus Package, Global Reactions

Tommy Xie, Head of Asia Marco Research, OCBC Bank

25-Sep-24 08:45

China's Stimulus Package, Global Reactions

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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.

Image Credit: shutterstock.com

Produced by: Jake Lim

Presented by: Shazana Mokhtar, Keith Kam

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Categories: markets, economy

Tags: people bank of china, china, stimulus package, economy recovery,

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