China's Premier reveals $5 trillion plan - here's what it means for your portfolio
Key Points
- China's economic strategy for 2025 aims to shift consumers f...
Premier Li Qiang just laid out China's economic playbook for 2025, and it's essentially a two-pronged approach: get people spending money they don't have on things they don't need, while simultaneously convincing them to buy houses in a market with 408 million square meters of unsold inventory. It's like trying to fill a leaky bucket while drilling new holes in it.
The Great Consumer Awakening (Or: How to Spend Your Way to Prosperity)
The government's master plan centers on hitting a 5% growth target by transforming Chinese consumers from cautious savers into enthusiastic spenders. Premi...
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