The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.
New data shows the challenges facing Chinese policymakers trying to stimulate an economy marked by falling prices, weak consumer spending and a housing market crash.
The government has fired up investors by encouraging banks to lend more to buyers of stocks and real estate, but officials refrained on Tuesday from promising more stimulus.
A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.