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Asian Markets Rise on Chinese Policy Moves

Chinese stocks surge as Beijing announces supportive measures, including lending rules & reserve requirement reduction. Asian markets also rise amid positive sentiment. Chinese property developers see substantial stock price increases. Tokyo & Seoul remain stable. US stock market reaches new highs on inflation hopes. US economic growth slows but remains resilient with consumer spending as a key driver. #ChineseStocks #AsianMarkets #USStockMarket #EconomicGrowth

by Terry Bingman
Thu, Jan 25, 2024 12:49pm
in Business
• 3 mins read
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Asian Markets Rise on Chinese Policy Moves | FinOracle

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Chinese Stocks Soar as Beijing Unveils Supportive Measures

Chinese stocks experience significant gains as Beijing announces new policies to bolster the markets. These measures include a set of rules governing lending to property developers and a reduction in bank reserve requirements, injecting $141 billion into the economy. The Chinese economy has been grappling with slowing growth, with forecasts indicating a growth rate below 5% this year. This sluggish performance, combined with a debt crisis in the real estate industry, has prompted the government to take action.

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