………….To revive investment and protect jobs, Beijing has been encouraging banks to lend more, particularly to struggling smaller firms. It has also unveiled billions of dollars in tax cuts and infrastructure spending.
…………..China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.
YOU may think this is interesting....
But the majority in the forums are exhausted.
Take all your US finance solutions to D.C.
"(Reuters) - A key gauge of China's debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks."
Catching up quickly.
USA is at, what? $73T/$19.4T ~375%
Clearly, the problem with the economy is that there is not yet enough debt.
