China's Fiscal Plan
China Tech Crackdown: Communist Party Policy Changes Behind $1 Trillion Selloff - Bloomberg
bloomberg.combloomberg.comWhat I Read This Week…
China has announced its biggest economic stimulus package since 2008, aimed at addressing multiple economic challenges it currently faces, including a property market downturn and weak consumer spending.
The stimulus package includes cutting interest rates by 30 basis... See more
Chamath Palihapitiyax.comAccording to a March 2024 action plan, the Ministry of Commerce, together with other Chinese government agencies, has offered subsidies to consumers who trade in old automobiles, home appliances, and fixtures for new models. On paper, the plan loosely resembles the “cash for clunkers” program that Washington introduced during the 2008 recession to
... See more