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China's outlook is getting increasingly bleak as the economy weakens, foreign investors flee, the real estate market deteriorates, and local governments run up debts. Beijing is surely worried, so what are they doing about it? On October 24, 2023, Communist Party leader Xi Jinping made a rare visit to the central bank.
On the same day, China's National People's Congress (NPC) approved a plan to issue an additional 1 trillion yuan, or about $137 billion, in treasury bonds. Will these actions revitalize the world's second-largest economy? In this episode, we'll explore this topic.
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