China Stimulus Package 2024. China's yuan hit its highest in 16 months, defying the conventional pull of gravity in the fx market, in which stimulus and lower rates tend to translate into a. China’s central bank says measures will lower borrowing costs and inject more liquidity into market.

Beijing’s economic stimulus has finally arrived. Specifically, analysts hailed the measures announced by the pboc as the “most significant stimulus package since the early days of the pandemic”, but said.