South China Morning Post on Nostr: How will China’s top lawmakers respond to economic risks, US election? ========== ...
How will China’s top lawmakers respond to economic risks, US election?
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China's NPC Standing Committee meeting starts on November 4, 2024; focus on economic stabilisation and risk prevention rather than a large stimulus; expected approval of 6 trillion yuan for local government debt swaps and 1 trillion yuan for banks; GDP growth target around 5% amidst economic challenges; US presidential election results may influence China's economic policies; market speculates on stimulus size between 2 trillion to over 10 trillion yuan; recent monetary easing on September 24 included rate cuts and mortgage rate reductions; manufacturing PMI rose to 50.1 in October, indicating potential recovery; external demand and US-China trade relations critical for future policy adjustments.
#China #Economy #Npc #Stimulus #UsElection #Gdp #Debt #Manufacturing #Trade #Policy
https://www.scmp.com/economy/policy/article/3284808/chinas-top-lawmakers-gather-whats-store-economy
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China's NPC Standing Committee meeting starts on November 4, 2024; focus on economic stabilisation and risk prevention rather than a large stimulus; expected approval of 6 trillion yuan for local government debt swaps and 1 trillion yuan for banks; GDP growth target around 5% amidst economic challenges; US presidential election results may influence China's economic policies; market speculates on stimulus size between 2 trillion to over 10 trillion yuan; recent monetary easing on September 24 included rate cuts and mortgage rate reductions; manufacturing PMI rose to 50.1 in October, indicating potential recovery; external demand and US-China trade relations critical for future policy adjustments.
#China #Economy #Npc #Stimulus #UsElection #Gdp #Debt #Manufacturing #Trade #Policy
https://www.scmp.com/economy/policy/article/3284808/chinas-top-lawmakers-gather-whats-store-economy