PBOC Boosts Stimulus to Support Covid-Hit Economy

The video discusses China's recent rate cut and its implications for the economy. Despite efforts to boost liquidity by cutting reserve ratios and lending rates, challenges remain in channeling funds to businesses. The property sector, a significant part of China's GDP, faces difficulties due to falling demand and cautious lending. The government has introduced measures to support the sector, aiming to stabilize it without encouraging excessive borrowing.

What is the significance of the property sector in relation to China's GDP?

What measures have been taken to support the beleaguered property sector in China?