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China to Embark on Major Stimulus to Revive Economy

By

Keith Zhai, Jason Douglas and Stella Yifan Xie

The People’s Bank of China cut another key interest rate after cutting two other policy rates earlier in the week. Photo: Bloomberg News

Beijing is planning major steps to revive the country’s flagging economy, including the possibility of billions of dollars in new infrastructure spending, and looser rules to encourage property investors to buy more homes, people familiar with the discussions say.

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Source: https://www.wsj.com/articles/china-cuts-rates-to-prop-up-flagging-recovery-6fe3ec72?mod=pls_whats_news_us_business_f