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Astro peng

Level 2

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!
6 months ago

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