China delivers new yawnulus

David Llewellyn-Smith

Tuesday, 5 March 2024

The Two Sessions of the NPC are underway right now. Yawn:

China Likely to Face ‘Moderate Rise’ in CPI This Year
China to Boost Economic Vitality, Prevent, Defuse Risks
China to Ensure Quality Development, Greater Security
China Plans 7.2% Boost in 2024 Defense Spending
China Expects Urban Jobless Rate of 5.5% in 2024
China Plans 1T Yuan of Ultra-Long Special Govt Bonds

There is also 3.9tr for LGFV, a little under expectations.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.