China's Stimulus Blitz: What We Know So Far and What to Expect.

PEOPLE'S Bank of China; INTEREST rates; REAL estate sales; REAL estate business; LOANS; GLOBAL Financial Crisis, 2008-2009; CENTRAL banking industry

China has implemented a series of stimulus measures to boost its economy, including interest rate cuts, reductions in reserve requirement ratios for banks, and support for the struggling real estate sector. The People's Bank of China has cut its seven-day policy rate and plans to lower loan prime rates and deposit rates. The central bank has also reduced the reserve requirement ratios for banks, freeing up money for more loans. Additionally, plans have been announced to cut mortgage rates, lower down-payment ratios, and allow homeowners to renegotiate terms with lenders. The government is also considering removing restrictions on home purchases and implementing measures to support the stock market. Capital injection for major banks and the issuance of special sovereign bonds are also being considered. [Extracted from the article]

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