A short-term policy rate cut is fueling hopes that Chinese officials are preparing to boost efforts to revive growth, after a series of weak data including slumping budget spending and rising youth unemployment. Bloomberg economist Eric Zhu discusses the headwinds facing the country and why recent measures haven’t worked so far.
Chapters:
00:00:00 – Why China’s local governments are spending less
00:01:49 – Bloomberg Economics: Don’t get too excited about PBOC’s rate cut
00:02:30 – Are China’s property boosting measures too late?
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News post in September 23, 2024, 12:04 pm.
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