00:00It's been a big week for the Chinese economy. Markets have been worried growth would undershoot
00:06the country's high expectations. Then on Tuesday, the central bank unexpectedly cut interest
00:12rates and announced other measures to increase lending. And now the government has unveiled
00:18more measures to ensure the economy hits its 5% target by pumping in more money. The stock
00:24market has surged. There are still challenges remaining in the real estate sector, but investors
00:30are much more optimistic today than just a few days ago.
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