Here’s What China Is Doing to Boost Economy, Rescue Markets
- Policymakers free up cash for banks, expand developer funding
- Economic recovery still hampered by property crisis, deflation
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Chinese policymakers have stepped up their efforts in recent weeks to support the economy and sliding markets, underscoring concern about a recovery hampered by a property crisis, deflation and weak consumer confidence.
The measures have included unleashing more long-term cash for banks, tightening rules on the lending of shares for short selling and broadening developer access to loans. Still, investors may need to see more to restore their trust in China’s markets.