Chinese Equities Rally on Stimulus Package: Top Stocks to Consider
JD(JD) ZACKS·2024-09-24 23:31
Chinese stocks have seen a nice rally over the last few days following Monday’s announcement that China’s Central Bank will implement a stimulus package to boost its slowing economy.The economic stimulus includes reducing key interest rates, lowering reserve requirements for banks, and the injection of one trillion yuan ($142 billion) into China’s financial sector.With China being the world’s second-largest economy in terms of GDP, the stimulus should be a positive for global markets, and here are a few sto ...