China's Premier Urges Economic Support as Slowdown Broadens — SkimNews
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- China's Premier (Xi's No. 2) urged more economic support following a major growth slump, per Bloomberg and Reuters.
- China's economy is weakening on several fronts with a worsening property bust and signs the slowdown is extending, per WSJ and The Guardian.
Why it matters: The coordinated call from China's No. 2 signals official concern over a broadening slowdown, with a worsening property bust and weakening external demand pressuring policymakers to push for stabilization. Beijing's public push suggests current measures are viewed as insufficient to reverse the deceleration.
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