China rolls out broad stimulus measures to revive its slowing economy. Along with recent U.S. interest rate cuts, this is another bullish signal for the EV and clean energy sectors.
BEIJING, Sept 24 (Reuters) - China's central bank on Tuesday announced broad monetary stimulus and property market support measures to revive an economy grappling with strong deflationary pressures and in danger of missing this year's growth target.
The broader-than-expected package marks the latest attempt by Chinese officials to restore confidence in the world's second-largest economy after a slew of disappointing data in recent months.
