3 Key Stocks to Ride China's Stimulus-Driven Growth

Quick Summary:

Federal Reserve announced its first federal funds rate cut in several years—the People's Bank of China unveiled a three-part monetary stimulus program to reduce reserve requirement ratios (the amount of cash banks are required to keep on hand), mortgage rates and down payment requirements, and more.

China's economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand.

Indeed, consensus seems to be growing that a sharp reversal may be in store at some point if the stimulus measures are deemed to be ineffective overall.

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Article Details

Author / Journalist: MarketBeat

Category: Technology

Markets: United StatesChinaHong Kong

Topics: Contributors Tech Bonds Markets TME NIO Trading Ideas Government ETFs Asia Entertainment Federal Reserve Sector ETFs Offerings Earnings Large Cap General News MCHI Equities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 15:35:22 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22999201

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