panic – Charm – Daily News

China student honoured for carrying classmate on his back to safety during quake

Cs news6 months ago01 mins

Internet users in China have heaped praise on a secondary school student who carried an injured classmate on his back to escape an earthquake. Netizens have also given his school a pat on the back for giving the student an ample reward for his heroics. The quake, estimated to be of a magnitude of 4.6,…

China Economy: Beijing’s Stimulus Sparks Speculation of Panic

Cs news10 months ago06 mins

China pulled out an aggressive stimulus package on Tuesday. At a rare press briefing about China’s economy, People’s Bank of China governor Pan Gongsheng unveiled a swathe of measures, including slashing interest rates and reducing the amount of cash banks need to hold in their reserves. The measures were significant because Beijing has been holding…