Beijing’s response to what has been a worrisome raft of economic headwinds – including a widely watched stock market slump that has slammed investor confidence – highlights what analysts say is a failure to manage
Beijing’s responses – or lack thereof – to China’s market woes and crippled confidence have analysts and the market speculating on why leaders have not done more, caught between a rock and a hard place.
National People’s Congress ratifies plan to raise China’s budget deficit ratio, approving 1 trillion yuan (US$137 billion) of sovereign bonds and allowing local governments to front-load part of their 2024 bond quota.
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