China’s new stimulus package hoped to revive its economy

ANZ Chief Economist of Greater China Raymond Yeung joined Business Now to discuss China’s recent stimulus package.

Mr Yeung’s comments follow China’s biggest package delivery since the COVID-19 pandemic.

The package aims to fight deflation and push economic growth.

“So far, the package seems to be more focused on the liquidity injection as opposed to real economic measures,” Mr Yeung told Sky News Business Reporter Ingrid Willinge.

[Friedrich-ji]

Just as seeds need time to grow into trees, investments need time to grow into wealth..

[mainegreengrower]

Dont shut the world down again and maybe your economy will come back

[bendedjorgensen]

Balance sheet recession is the worst of the worst

[ssuwandi]

1 trillion Reminbi is a drop of 40million empty homes . Self induced pain President for Life

[YouShouldThinkYourself]

Yeah, Governments Pumping money into the economy always works.

[iggy]

As long they dont have war like uncle sam

[erikcal]

At least they trying to help Thier people, while they struggle.

[BaozhaiDongmei]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio., ..