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China has introduced more substantial financial measures to stabilize economic growth given a resurgence in COVID-19 cases, as industry insiders understand it will serve as fresh impetus to the world economy after the World Bank slashed global growth forecasts due to heightened geopolitical tensions.
China has introduced more substantial financial measures to stabilize economic growth given a resurgence in COVID-19 cases, as industry insiders understand it will serve as fresh impetus to the world economy after the World Bank slashed global growth forecasts due to heightened geopolitical tensions.
China's central bank on Friday announced a cut in the amount of cash that banks must hold as reserves, which is expected to free up 530 billion yuan ($82.95 billion) in long-term liquidity, as part of the country's efforts to support development of the real economy and reduce comprehensive financing costs.
Ukraine's Odessa comes under airstrike-
China is taking steps to channel more computing resources from its eastern regions to its less developed yet resource-rich western regions.