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China’s Central Bank Takes Small Steps to Support Economy
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wsj.comSINGAPORE—China’s central bank relaxed a key constraint on bank lending while keeping benchmark interest rates unchanged, steps that economists said will do little to spur growth in an economy struggling with its worst Covid-19 outbreak since the pandemic began.
The limited effort implies large-scale monetary stimulus of the kind seen in 2020 at the start of the pandemic and after the 2008-09 financial crisis might not be repeated this year, economists said, putting the onus on the government to prop up faltering growth with big increases in spending.
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