Fred Gao (@fredgao): "Indeed, the US election will have an impact on the Chinese economy. However, it does not mean Chinese decision-makers need to wait and see the result of the election before they make their decision. As far as I know, the principle of “maintaining initiative in our own hands” (以我…"

Make money doing the work you believe in

Nov 8, 2024

Indeed, the US election will have an impact on the Chinese economy. However, it does not mean Chinese decision-makers need to wait and see the result of the election before they make their decision. As far as I know, the principle of “maintaining initiative in our own hands” (以我为主) has long been a cornerstone of Chinese policymaking.

The “6 trillion” can also be found in the explanation of the proposal document: (关于提请审议增加地方政府债务限额置换存量隐性债务的议案的说明)“Explanation on the Proposal to Review the Increase in Local Government Debt Limits for the Replacement of Existing Hidden Debt.“ Which was presented to NPCSC on Nov.4 and was made public today (Nov.8) on the official WeChat account of China State Finance Journal(中国财政), a journal led by the Ministry of Finance. It said:

Fred Gao

Nov 8, 2024

11:41 AM

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