China pumps $188 billion into the economy to counter real estate slump
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Nice now we have 2 of the largest printers in use. Bye bears.
They didn’t even print a trillion. This is minor league printer goes brrr.
Fuck yeah this bubble has some more gas. Let’s go
Puts on bears.
Printer go brrrrrrr
Brrrrrrrr
tldr; The People’s Bank of China on Monday said it would cut the reserve requirement ratio for most banks by half a percentage point, starting December 15. The move, which reduces the amount of money that banks have to keep in reserve, will unleash $188 billion for business and household loans. The decision came on the same day China’s Politburo signaled that it may take more aggressive actions to protect the economy in 2022.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The bot we don’t deserve
…even bots go BRRRR these days
More fiat airdrops to whales who lost their bags gambling and being greedy.
Ay I lost my bag too beeing greedy where do I sign?
Fiat is a shitcoin.
To be fair, the issue is somewhat induced by the government, by heavily limiting the investment opportunities for Chinese people.
Still got nothing on the US. 😂
Chump change compared to the money printing going on in the land of the freeee
The state is always there to help the rich that lost their money on gambling.
China pulled nearly their entire population out of abject poverty in record time. The US is the richest nation in the world yet struggles to achieve a fraction of the quality of life for it’s citizens that most Western nations have.
Nice now we have 2 of the largest printers in use. Bye bears.
They didn’t even print a trillion. This is minor league printer goes brrr.
Fuck yeah this bubble has some more gas. Let’s go
Puts on bears.
Printer go brrrrrrr
Brrrrrrrr
tldr; The People’s Bank of China on Monday said it would cut the reserve requirement ratio for most banks by half a percentage point, starting December 15. The move, which reduces the amount of money that banks have to keep in reserve, will unleash $188 billion for business and household loans. The decision came on the same day China’s Politburo signaled that it may take more aggressive actions to protect the economy in 2022.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The bot we don’t deserve
…even bots go BRRRR these days
More fiat airdrops to whales who lost their bags gambling and being greedy.
Ay I lost my bag too beeing greedy where do I sign?
Fiat is a shitcoin.
To be fair, the issue is somewhat induced by the government, by heavily limiting the investment opportunities for Chinese people.
Still got nothing on the US. 😂
Chump change compared to the money printing going on in the land of the freeee
The state is always there to help the rich that lost their money on gambling.
China pulled nearly their entire population out of abject poverty in record time. The US is the richest nation in the world yet struggles to achieve a fraction of the quality of life for it’s citizens that most Western nations have.