As communist China turns 75 can Xi fix its economy?

Plans announced by officials sparked a stock market rally but economists are unsure it is enough.

British Broadcasting CorporationWatchHomeNewsUS ElectionSportBusinessInnovationCultureArtsTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifyUS ElectionElection pollsKamala HarrisDonald TrumpJD VanceTim WalzSportBusinessExecutive LoungeTechnology of BusinessWomen at the HelmFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsUS ElectionSportBusinessInnovationCultureArtsTravelEarthVideoLiveAudioWeatherNewslettersAs communist China turns 75, can Xi fix its economy?Getty ImagesThe stimulus measures sparked a stock market rally but economists are unsure they can fix deeper issuesAs China prepared to celebrate its Golden Week holiday and mark the 75th anniversary of the People’s Republic, the ruling Communist Party rolled out a raft of measures aimed at boosting its ailing economy.

The plans included help for the country's crisis-hit property industry, support for the stock market, cash handouts for the poor and more government spending.

Shares in mainland China and Hong Kong chalked up record gains after the announcements.

But economists warn the policies may not be enough to fix China's economic problems.

Some of the new measures announced by the People's Bank of China (PBOC) on 24 September took direct aim at the country's beaten-down stock market.

https://www.bbc.com/news/articles/c3dvrxg8mllo

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