Chinese leaders are trying to reverse a sharp growth slowdown without abandoning policies that triggered much of the weakness — a tricky task that could test Beijing’s ability to engineer a soft landing for the economy, The Wall Street Journal reported.
The latest steps include making mortgages more easily obtainable and an unexpected cut this week in the amount of cash that banks are required to hold, which could lower financing costs for businesses.
Read the full report: The Wall Street Journal.
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