Would you call this 'stimulus'? August 14th, PBOC announces a surprise rate cut. August 27th, China orders state banks/fund to buy equities after Evergrande (China's largest property developer) opens down 90% after filing for bankruptcy in NY court.
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China's Economic Slowdown Response
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Would you call this 'stimulus'? August 14th, PBOC announces a surprise rate cut. August 27th, China orders state banks/fund to buy equities after Evergrande (China's largest property developer) opens down 90% after filing for bankruptcy in NY court.