Australia, Beijing
Australian treasurer embraces China’s new stimulus efforts
Last week, China announced a series of new measures to boost the economy and revive its ailing property sector. The central bank lowered bank reserve requirements by 0.5% as of Friday. It also has slashed interest rates on its loans to commercial banks and lowered the minimum down payments for some mortgages.
Australian treasurer, visiting Beijing, welcomes Chinese efforts to stimulate its economy
BEIJING -- Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that its recent weakness has hurt Australia. Chalmers was wrapping up a two-day visit to Beijing, the first to China by an Australian treasurer in seven years, as strained bilateral relations mend.
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BEIJING — Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that ...
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