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China unveils huge economic stimulus package

China’s top financial regulators announced a broad economic stimulus package yesterday, citing rising U.S. trade tensions and global supply chain disruptions. Measures include bank reserve requirement cuts, lower interest rates, and over 2 trillion RMB ($274.1 billion) injection into small business lending, housing, and consumption. The plan focuses on boosting domestic demand in tourism, elderly care, and education, while supporting real estate and equity markets. Upcoming U.S.-China talks in Switzerland will explore easing trade friction.

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