China Money Printer to go BRRRRRRRR?

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BEIJING, June 16 (Reuters) – China’s cabinet met on Friday to discuss measures to spur growth in the economy, state media reported, pledging to roll out policy steps in a timely way amid signs that a post-COVID recovery is fading.

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“We must take more effective measures to enhance the momentum of development, optimise the economic structure and promote the sustained recovery of the economy,” state media said, citing a regular cabinet meeting chaired by Premier Li Qiang.

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www.reuters.com/world/china/chinas-cabinet-passes-plans-step-up-financing-tech-companies-state-media-2023-06-16/

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