Chinese Stocks Rebound on RRR Cut as PBOC Promises Further Stimulus

Chinese stocks rebounded as the PBOC cut its RRR rate by 50 basis points, freeing up $140 billion in liquidity. However, analysts question whether the measures will provide significant economic growth. Chinese data for January is expected to shed more light on business activity. Upgrade your investing with AI-powered InvestingPro+ stock picks. Use coupon INVPRO2024 for a limited time discount on Pro and Pro+ subscription plans.