China's central bank has announced its most comprehensive economic stimulus measures since the Covid pandemic began, as it seeks to boost a struggling economy.
The People's Bank of China has reduced reserve requirement ratios and key policy rates, aiming to provide relief to households amid a deflationary landscape.
Gary Ng, a senior economist, emphasized that while stimulus measures are necessary, a lower-rate environment is essential to alleviate poor sentiment and real interest rates.
Experts warn that despite the significant stimulus measures, a full recovery may require more substantial fiscal support beyond what is currently planned by the government.
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