China’s 1 Trillion RMB Stimulus Sends JD, Douyin, and Tmall Skyrocketing
Alright, let’s break this down. China just dropped a 1 trillion RMB bombshell into their economy with a massive stimulus package. The People’s Bank of China (PBOC) is playing a smart move here, cutting the reserve requirement ratios (RRR) by half a percentage point. That frees up 1 trillion RMB (about $142 billion USD) for…