China is preparing to inject a staggering $850 billion into its economy, utilizing new debt to fund a sweeping stimulus package aimed at revitalizing its struggling growth, according to recent reports. This move comes as the world’s second-largest economy grapples with a series of disappointing economic indicators, raising concerns that it may fall short of […]
Tag Archives: local government debt
China’s central bank announced a significant cut to the reserve requirement ratio (RRR) for banks, effective February 5th, 2024. This move aims to inject liquidity into the market and bolster the country’s economic recovery, which has faced challenges such as a struggling housing market, local government debt risks, and weakening global demand. The People’s Bank […]