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CBS I in the world, the Scholar Report with CEO Chris Regal of Scholar.com a global technology firm doing business on all the major

continents transforming retail with digital signage. Right now we go to China.

Chris has guided us through the Chinese decline over the last two years

certainly since the end of the extreme pandemic reaction by the Chinese Communist Party, the total lockdown, the fear that was

spread throughout the land.

The explanation for the decline of the Chinese economy has always pointed to the severe COVID restrictions as being

intimidating to the consumer. However, the panic is now obvious at the

leading circles, so I come to a summary of what's going on just in these

last hours to rescue an economy that continues to decline. Premier Lichang ordered forceful, that's a quote actions to stabilize the market,

a government rescue package under consideration backed by about

280 billion dollars, more stimulus. This is Bloomberg reporting.

China's Central Bank Wednesday unveiled, quote, a surprise reduction in the

amount of cash banks must hold in reserve. In other words, what was a burden on the banks

...