{"id":66920,"date":"2024-09-24T14:37:34","date_gmt":"2024-09-24T05:37:34","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2024\/sep\/24\/china-economy-stimulus-package-measures-yuan-pbc"},"modified":"2024-09-24T14:37:34","modified_gmt":"2024-09-24T05:37:34","slug":"china-unleashes-boldest-stimulus-in-years-to-boost-ailing-economy","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=66920","title":{"rendered":"China unleashes boldest stimulus in years to boost ailing economy"},"content":{"rendered":"<p>The People\u2019s Bank of China announces a host of policy support measures but some experts fear they may not be enough<\/p>\n<p>China\u2019s central bank unveiled its strongest suite of economic stimulus measures since the start of the Covid pandemic, underlining the difficulty it faces in reviving an economy grappling with a prolonged property crisis and strong deflationary pressures.<\/p>\n<p>Governor Pan Gongsheng said the People\u2019s Bank of China will cut the amount of cash that banks must hold as reserves \u2013 known as reserve requirement ratios (RRR) \u2013 by 50 basis points. The People\u2019s Bank of China will also cut a key policy rate by 0.2 percentage points to 1.5%.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2024\/sep\/24\/china-economy-stimulus-package-measures-yuan-pbc\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The People\u2019s Bank of China announces a host of policy support measures but some experts fear they may not be enoughChina\u2019s central bank unveiled its strongest suite of economic stimulus measures since the start of the Covid pandemic, underlining the di&#8230;<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,50,437,42],"tags":[],"class_list":["post-66920","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-economics","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/66920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66920"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/66920\/revisions"}],"predecessor-version":[{"id":66921,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/66920\/revisions\/66921"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}