3 Stocks to Buy After the Chinese Stimulus Package
BABABABA(BABA) The Motley Fool·2024-09-28 23:15

Chinese stocks are cheap and could benefit from a stronger consumer.With its economy floundering, the Chinese government recently announced a number of measures to help give it a lift. They include decreasing banks' required reserve ratios, lowering key interest rates, and reducing the required downpayment percentage on second homes.In addition, China will allow institutions, including brokers, funds, and insurance companies, to use financing from the central bank to purchase stocks. There is also a plan to ...