BizFocus: China unveils stimulus measures to boost markets

China’s financial authorities have introduced new stimulus measures, including rate cuts, to stabilize the property and stock markets. The Shanghai Composite Index responded with a 3.61 percent rise, reclaiming the 3,000-point level on Thursday, and continued its sharp rise on Friday. The Political Bureau of the Communist Party of China Central Committee has stressed the importance of revitalizing the capital market and stabilizing the real estate market, signaling a shift expected to boost confidence and economic activity.