iStock; Andres Martinez Casares/Getty Images; Alyssa Powell/BISure, Wall Street. Go ahead. Ride the dragon.There was a moment of grace on Tuesday for investors, market analysts, and finance's top brass when Beijing announced measures to try to reinvigorate China's croaking economy. Pan Gongsheng, a governor of the People's Bank of China, the country's central bank, announced that 800 billion yuan, or about $114 billion, would be injected into the stock market.
Xi Jinping Just Fired His Giant Money Cannon At The Wrong Target
llopez@insider.com (Linette Lopez), Business Insider
Sun, 09/29/2024 - 2:57am
Topics: andres martinez casares/getty images alyssa powell/bisure pan gongsheng xi jinping shanghai composite golden dragon nasdaq-traded xi's beijing goldman sachs openai ceo sam altman stimulus china société genéralé tier august china beige book michael pettis peking university carnegie endowment x but gdp friedrich hayek european union linette lopez business i in wall street china people's bank chinese xi xi chinese communist party beijing ccp china insider money property economy problem market measures debt yuan problems country announced demand governments local spend consumer growth clear access banks call catch government bazooka moment year dropped power key checks fund rates analysts purchases system consumers years exports announcements core compared boost solve amounts moves markets
BING NEWS:
- Xi Jinping just fired his giant money cannon at the wrong target
Since the pandemic, China's leader, Xi Jinping, has done little to stop the bleeding in the country's property market or to get China's ailing consumers to start spending money again. The Shanghai ...
09/28/2024 - 11:09 pm | View Link - More
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