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China’s Central Bank Takes Action as Record Covid-19 Outbreak Hits Economy
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SINGAPORE—China’s central bank moved to backstop growth by boosting lending to households and businesses, as the world’s second-largest economy struggles with its biggest Covid-19 outbreak since the pandemic began.
Economists said the shift in policy will likely have limited impact, as repeated lockdowns, a continuing real-estate crunch and fading demand for Chinese exports mean appetite for loans is weak.
Read more on wsj.comAbout this in other media
China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread wsj.com /1 year ago
China’s Central Bank Takes Action as Record Covid-19 Outbreak Hits Economy wsj.com /1 year ago
China’s Central Bank Takes Action as Record Covid-19 Outbreak Hits Economy wsj.com /1 year ago
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