What China's biggest stimulus since the pandemic means for US investors: Morning Brief

Published On Sep 25, 2024, 6:00 AM

China recently announced a significant economic stimulus package exceeding $325 billion, marking its most considerable effort to revitalize the economy since the pandemic. This stimulus focuses on monetary support to stabilize the struggling stock market and address a shaky property market. The measures include reducing reserve requirements for banks, offering mortgage relief, and launching a $71 billion stabilization fund for the stock market. While this buoyed the CSI 300 index and driven commodity prices higher, including significant jumps in silver and copper futures, the effectiveness of such measures remains uncertain given China's mixed history with similar stimulus efforts.