China announces new measures to boost its struggling economy

The governor of the People's Bank of China, Pan Gongsheng, has announced new measures meant to boost the country's ailing economy. China's central bank is lowering its benchmark interest rate as well as reducing the cash requirement that banks are supposed to hold in a bid to free up lending capacity and reach the government's target of 5 percent growth this year. Also in this edition, a new report outlines the deforestation threats in Malaysia's Sarawak state and what the EU can do about it.

Sep 24, 2024 - 06:00
1110
China announces new measures to boost its struggling economy
The governor of the People's Bank of China, Pan Gongsheng, has announced new measures meant to boost the country's ailing economy. China's central bank is lowering its benchmark interest rate as well as reducing the cash requirement that banks are supposed to hold in a bid to free up lending capacity and reach the government's target of 5 percent growth this year. Also in this edition, a new report outlines the deforestation threats in Malaysia's Sarawak state and what the EU can do about it.