Lately, the Chinese financial system has been in a part of stagnation, with the danger of a “deflationary spiral” lurking. Furthermore, if you happen to add the election of Donald Trump within the United States, reaching the financial targets set by President Xi Jinping greater than a decade in the past appears much more troublesome. The FT’s China bureau chief Joe Leahy examines Beijing’s newest plans to restore the nation’s financial system and whether or not they are going to be sufficient to maintain tempo with Xi’s long-term development plans.
Clips from Bloomberg, CBS, Yahoo Finance
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For additional studying:
Why Xi Jinping has modified his thoughts on China’s fiscal stimulus
Why China is betting on native governments to stimulate the financial system
If China’s statistics can’t be scrutinized rigorously, doubts in regards to the financial system will solely improve
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On X, observe Joe Leahy (@leahyjoseph) and Michela Tindera (@mtindera07), or observe Michela on LinkedIn for updates on the present and extra.
Read the transcript of this episode on FT.com
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