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China unleashes Rmb10tn stimulus blitz to revive economy

Source: ft.com

China has launched a new round of stimulus measures to boost its struggling economy amid weak growth.
The package includes rate cuts, increased credit availability, and fiscal spending worth Rmb10tn over several years.
Markets rallied sharply, with the Shanghai Composite index jumping 8.5%, its biggest gain in 16 years.

China's central bank and government announced aggressive stimulus on September 24 to counter slowing growth, property crisis, and deflation risks. Key players include the People's Bank of China (PBOC) and top leaders like Premier Li Qiang. The core finding is a multi-pronged plan blending monetary easing and fiscal support to hit 5% GDP growth. It matters because it signals Beijing's urgency to revive demand, potentially easing global economic worries but raising inflation and debt concerns.