Reported 8 days ago
Xi Jinping's recent economic measures, which included a significant cash injection to revive China's struggling economy, have sparked optimism on Wall Street but do little to tackle the underlying problems. The measures aim to increase access to capital for homebuyers and stimulate spending, but experts argue that the real issue is a lack of consumer demand and substantial real estate debt. With housing prices plummeting and a reluctance from consumers to take on more debt, these actions may only provide temporary relief rather than a sustainable solution to China's economic woes.
Source: YAHOO