note: this is new information beyond the news Tuesday (Monday night in US); these are further measures as part of that broader announcement
China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter.
https://www.bloomberg.com/news/articles/2024-09-26/china-weighs-injecting-142-billion-of-capital-into-top-banks
Posted by s1n0d3utscht3k
19 Comments
Chinese printing presses go BULLLLLL
Could China go full Weimar Republic with billions of people, while Russia dooms its own economy?
North Korea would then lose its sugar daddies and what would happen next?
China is finally embracing infinite money printer go brrrr.
JMao let’s go!
this is pennis compared to the trillions the feds injected during the pandemic
I don’t think it’ll help, there’s a reduced appetite for RE investment or major infrastructure projects within China. Confidence is low and property values are down 30-50% in tier 1/2 cities.
Does that mean their GDP will go up to meet target?
Haven’t they been doing this for years already?
What does this imply though? Yuan devaluation?
Their inflation will go through the roof in 2 years
Puts
It’s incresingly obvious that China’s peaked. At least for a while.
I don’t think they’ll crash or anything stupid like that, but it’s clear their period of rapid growth is long over. I think they’ll try the money printer thing for a bit then give up, accept it, and reform.
They’ve been printing since 2020, nothing burger and does piss little except maintaining the bank system’s facade. Their young adults don’t want to work, mid careerists are finding a way out, the rich packed up their family and roll them off to Singapore, Japan, Korea, US, Australia, etc. Only thing that can revive China economy is if Xi gets assassinated and put on display while little pinks are summarily executed
I’d just love for China’s markets to crash hard to make the Chinese government do it!
Come on China market crash!!!! Let me in baby 😘
Tesla is the key to China’s angst
Worldwide demand for Tesla is so great.China becomes cost leading manufacturer of cars. Total demand for Tesla over 50 Million per year.
Like how America became Rich through model T. China becomes Rich through model Y
This may cause inflation but still better than deflation. Call on YINN!!!!!
Xi is such a shitty leader.
The CCP is a plague on that country.
$142B seems low…
Well, RIP my $BABA puts, I thought there might have been some profit taking.
The Chinese economy is totally fucked. This is the operatic crescendo before the next global recession