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51 sats \ 3 replies \ @gmd 29 Oct \ on: Stacker Saloon
China is weighing approving over $1.4 trillion in additional borrowing in the coming years to shore up the economy and address local governments’ debt risks
https://www.bloomberg.com/news/articles/2024-10-29/china-mulls-1-4-trillion-fiscal-stimulus-package-reuters-says
Brrrrrrr...
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109 sats \ 2 replies \ @Satosora 29 Oct
Approving or printing? I wonder how this will work when they invested so much into brics, then everyone else finds out chinas currency is worthless.
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40 sats \ 1 reply \ @gmd 29 Oct
hard to imagine investing in brics when most of the leaders are communist dictators...
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109 sats \ 0 replies \ @Satosora 29 Oct
I dont think they can trust each other. They are going to try to undercut one another thr first chance they can make a profit!
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