Highlights - PBoC initiates liquidity measures to help revive economy as it reopens for business - China’s stimulus measures have been calibrated so far, focus is on the real economy - Challenge is to revive consumer confidence and keep enterprises afloat in the interim - Lessons for India pertains to management of supply chain, labour issues and focus on fiscal sops After a hiatus of 29 days, PBoC (People’s Bank of China) is back with liquidity measures. The Chinese central bank announced its third rate cut since November’19...
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