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China Adds Stimulus As Economic Recovery Picks Up

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China's central bank boosted liquidity in the financial system ahead of the release of official data that showed a faster-than-expected acceleration in industrial production and retail sales growth, which waned the possibility of the economy facing a substantial slowdown, although the real estate market continues to pose risks along with unfavorable external conditions.

Ahead of the release on Wednesday, the People's Bank of China rolled over the medium-term lending facility loans at 2.5 percent.

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