a way to revive the nation’s consumers – Citizen Watch Report

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“This economy has many deep, structural, fundamental problems that cannot be turned around just simply by a stimulus package,” Tianlei Huang told Business Insider. “I think it’s probably a bit too early to celebrate.”

See also China is abusing the freedoms allowed in the US to run a massive propaganda operation

The Peterson Institute for International Economics research fellow explained that Tuesday’s stimulus boost will be offset by the country’s major fiscal contraction. The government has simply not spent enough on consumers, even though an economic recovery depends on them.

See also GDP per capita of G7 nations, adjusted for inflation and differences in cost of living between countries

www.businessinsider.com/china-economy-stimulus-stock-market-consumer-deflation-outlook-real-estate-2024-9?utm_medium=social&utm_source=twitter&utm_campaign=business-sf

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