China.
Beijing: After poverty in Pakistan, now a period of poverty has started in China too. The financial condition of both the friends has suddenly started deteriorating. The effect of recession in China is being seen since the Corona period. After this, despite many measures taken by China, the slowdown in Beijing’s economy continues. This has created a new challenge for Chinese President Xi Jinping. China is doing everything it can to boost its economy.
Let us tell you that in this regard, China’s Finance Minister Lan Foan said on Saturday that the government is considering additional ways to boost the economy, but he did not announce a new stimulus plan. Analysts and stock investors were assuming that the government may announce new incentives. Lan’s comments left the door open for such a plan in the future, but he did not specify what proposals were under consideration.
China’s economy slow
“There are other policy instruments that are being discussed, which are still in the works,” he said during a conversation with reporters. He said that the government’s budget will be used to raise debt and increase the deficit. There is enough scope. China’s economy remains sluggish despite restrictions related to the COVID-19 pandemic being lifted in late 2022. (AP)
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