China Stocks Surge After Government Measures to Boost Economy

Published On Oct 7, 2024, 10:13 PM

China's stock market is experiencing a significant rally after the government implemented stimulus measures to support the economy. These measures include cutting interest rates, lowering down payment requirements for mortgages, and encouraging bank lending to investors. Economists believe further stimulus is necessary to ensure a lasting recovery, but the initial response from investors has been overwhelmingly positive, boosting share prices following a recent national holiday.