China to issue $284 BILLION in debt to save its economy! 💰🇨🇳
His recovery plan is COLOSSAL: 2,000 billion yuan distributed like this:
👉 1,000 billion to boost consumption: subsidies, equipment renewal, and even 800 yuan per month for each additional child!
👉 $1 trillion to save local governments from drowning in their $13 trillion in debt.
China wants its citizens to spend and is still targeting 5% growth in 2024, despite a FALLING housing market and rock-bottom consumer confidence.
The end of the year is going to be particularly intense!
His recovery plan is COLOSSAL: 2,000 billion yuan distributed like this:
👉 1,000 billion to boost consumption: subsidies, equipment renewal, and even 800 yuan per month for each additional child!
👉 $1 trillion to save local governments from drowning in their $13 trillion in debt.
China wants its citizens to spend and is still targeting 5% growth in 2024, despite a FALLING housing market and rock-bottom consumer confidence.
The end of the year is going to be particularly intense!
11 months ago
