Beijing, Nov 8, 2024 (AFP) - China poised to approve more help for ailing economy

NAMPA / AFP

2024-11-08

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting eyeing on the possibility of intensified trade tensions with US president-elect Donald Trump. Economists predict Beijing will approve hundreds of billions of dollars of help, with a focus on indebted local governments as well as cash for banks aimed at writing off non-performing loans. Policymakers were keeping tabs on the US vo......

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