"Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday.
Stimulus measures don't address consumptionDespite the fanfare, analysts are divided over whether the moves that ease monetary policy constitute a massive "bazooka" stimulus.
AdvertisementMost say the monetary easing policies don't address the lack of confidence contributing to depressed consumer spending.
China has pulled out multiple support measures this year to shore up its economy and stock markets, but any kneejerk optimism has been shortlived.
Advertisement"Overall, we feel today's measures are a step in the right direction, especially as multiple measures have been announced together rather than spacing out individual piecemeal measures to a more limited effect," Lynn Song, the Greater China chief economist at ING bank, wrote on Tuesday.
Persons:
—, Pan Gongsheng, Pan, Betty Wang, Wang, it's, Nomura, Lynn Song
Organizations:
Service, People's Bank of China, Business, Analysts, Oxford Economics, CSI, Nomura, ING
Locations:
Beijing, China, Greater China