China Announces Growth Boosting Measures

China has announced new measures aimed at bolstering its economic growth.

These include plans to build railways, roads and airports along the Yangtze River – which connects China’s less developed inland provinces to Shanghai.

Meanwhile, China’s central bank said it will encourage banks to lend more to exporters to boost shipments.

The moves, the latest in a series of steps taken in recent weeks, come amid concerns over a slowdown in China’s economy – the world’s second-largest.

China’s economy expanded by 7.4% in the January-to-March period, from a year ago, down from 7.7% growth in the final quarter of last year.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza