East Asia Tonight: China gives economy US$140b boost, lower mortgage rates

Also on East Asia Tonight (Sep 24), Japan protests a Russian patrol plane flying into its airspace; Beijing asks Tokyo to handle schoolboy’s stabbing calmly; and a look at how China’s central hub Changsha went from "forgotten child" to first-tier city.

[htleong]

On domestic consumption, it's not all economics. It's also related to high savings habits in Asia in general due to culture.

[chrismanchin]

According to the IMF, China is already the largest GDP of the world. This year, China is expected to contribute to over 30% of the global GDP growth when the US is expected to contribute less than 16%.

[Chosenonevideos]

$140B is not enough to stimulate 1.4 Billion people.

[syedarmaghanhassan]

which companies will benefit from chinas boost?

[AhmetTekin]

China's 🇨🇳 $140 billion stimulus measure trying to fix its sagging economy
is like throwing a cup of water on the forest fire. LOL

[martinbrock]

The handling of these two cases presents a glaring disparity. The WP leaders were rigorously scrutinized and interrogated for their two-month delay in managing Raeesah Khan’s issue.

[ArabicReja]

Stimulus = borrow and print more money --> pay more interest --> lower credit rating.

[mostlycloudy]

US$140b boost - given this is china, i'll say less than a US$1 made an impact on the people.

[pehclark]

🤣🤣🤣 not even a fraction of his Qi family wealth from Electric Vehicles.🤣🤣🤣 under his mom and sisters name.

[Hkchinese]

It’s wasting of time, only the provincial debts are up to 140 times.

[martinbrock]

Lee Hsien Loong admitted to having knowledge of this affair since the General Election of 2020. Yet, it remained shrouded in secrecy for over three years until it was only publicly disclosed on Monday (17 Jul), allegedly spurred by potential legal action from Mr Tan’s spouse.

[kongthai..]

¥1 trillion in a ¥400 trillion economy.

😂

[liamporter]

China good times is around the corner.

[tuapuikia]

Let me check the China REITS company stocks now.

Nope, it's crashing 😅😅

[tedwong]

The banks hand out profit to house buyers for loan deal already signed up

[shin]

I want to know which pork lard thought of this idea ?

[vwchan]

Uh, what is your shoe size and what is the mailing address over Do you prefer Jimmy Choo or Christian Louboutin?

[mingwang]

‌I've loved you since the first day I met you, and I'll never stop.‌

[reamprakaipetch]

🙏😊💗 Hello King 👑 Queen and you you l 💗 love King 👑 Queen 💗 love you you and 💗🙏🤲💗🌐🕊️💗💗🌷🌷🌺🌺🕊️🕊️