Chinese recession threatens nuclear meltdown

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Yesterday China pledged more of the same:

China said it would step up infrastructure construction after a meeting Tuesday chaired by President Xi Jinping, the latest sign of an all-out effort to bolster an economy that’s been hammered by a widening series of Covid-related lockdowns.

The central financial committee decided to enhance and advance projects in some areas, state broadcaster CCTV reported Tuesday. They are to include airports and other transportation hubs as well as energy and water conservancy projects.

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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.