Australian Treasurer Jim Chalmers hailed China’s new stimulus effort as a “really welcome development” for both his nation and the global economy after meetings with counterparts in Beijing during a two-day visit.

After months of business leaders and economists urging action, the People’s Bank of China (PBoC)—the central bank of the world’s second biggest economy—finally acquiesced, unleashing a triptych stimulus package aimed at spurring consumer spending to counter persistent deflation.

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures are considered the boldest in years as Beijing aims to revive economic activity.

Vice President Kamala Harris has pledged to build an economy that is both pro-business and helps the middle class

Alex Wagner looks at how increasingly difficult it is for Donald Trump to lie convincingly about the economy doing poorly when economic indicators regularly deliver good news, and the challenge for Kamala Harris to make sure people are hearing that good news.

The Democratic nominee, still introducing herself to many voters, seeks to convey an economic message anchored in her biography.