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China steps up easing, cuts lending benchmarks to revive faltering economy
China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of Covid cases.
China issues draft financial stability law to prevent systemic risks
China on Wednesday issued a draft law on financial stability in a bid to further strengthen safety nets to prevent systemic financial risks in the world's second biggest economy.
China growth hopes reduce urgency of more stimulus steps, policy advisers say
China's leaders sound more confident that the world's second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014.
April 18, 2016 | 05:44 pm PT