PBOC Aims to Deliver More Liquidity Support: Fidelity

Peiqian Liu, an economist at Fidelity International, looks at China's efforts to support the economy. The People's Bank of China has kicked off a specialized re-lending facility for listed companies and major shareholders to buy back shares, a move to boost capital markets as part of a broad stimulus package announced previously. This comes as latest figures show gross domestic product grew 4.6% last quarter from a year ago, the slowest pace since March 2023 and lower than the 4.7% growth in the second quarter. Liu speaks on "Bloomberg: Markets Asia." (Excerpts)