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.
Despite economic challenges, China’s leaders avoided major interventions until late September, when they eased borrowing for households and companies, favoring state-led growth over direct consumer stimulus.
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 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.
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