                  Steel Industry!
The People&#39;s Bank of China (PBOC) announced plans to launch the largest and most important monetary stimulus package since the start of the Covid pandemic to prevent the housing market&#39;s unbraked plunge. This stimulus package includes a 50 basis point reduction in the required reserve ratio (RRR), a 20-30 point reduction in the medium-term lending rate (MLF) and the base lending rate (LPR), along with a series of other interest rates. In addition, the PBOC also announced a package to support the crisis-stricken real estate market, including reducing borrowing costs by up to $5.3 trillion for mortgages and easing regulations on buying a second home.

                  Steel Industry!
The People's Bank of China (PBOC) announced plans to launch the largest and most important monetary stimulus package since the start of the Covid pandemic to prevent the housing market's unbraked plunge. This stimulus package includes a 50 basis point reduction in the required reserve ratio (RRR), a 20-30 point reduction in the medium-term lending rate (MLF) and the base lending rate (LPR), along with a series of other interest rates. In addition, the PBOC also announced a package to support the crisis-stricken real estate market, including reducing borrowing costs by up to $5.3 trillion for mortgages and easing regulations on buying a second home.