TSLA
Tesla
-- 458.627 NVDA
NVIDIA
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Palantir
-- 82.225 AMD
Advanced Micro Devices
-- 126.991 MSTR
MicroStrategy
-- 349.214 
China launches a MASSIVE $1.4 trillion debt swap program
ICYMI, China's rolling out a huge $1.4 trillion (10 trillion yuan) plan to help local governments tackle debt and boost the economy.
What it is:
Local governments can swap their "hidden debt" by issuing six trillion yuan in new bonds over the next three years.
And if that's not enough, they have another four trillion yuan lined up over the next five years.
Authorities estimate this debt swap will save about 600 billion yuan in interest over five years. 😲
This is the first time since 2015 that they've raised the debt ceiling mid-year.
So yeah, they mean business.
With Chinese growth recently slowing to 4.6%—the weakest in over a year—China's pulling out all the stops:
↳ Helping out real estate
↳ Giving stocks a push
↳ Cutting rates
So, with all this cash on the table, do you think China will hit its growth target?
And, is local government debt in China a problem?
What it is:
Local governments can swap their "hidden debt" by issuing six trillion yuan in new bonds over the next three years.
And if that's not enough, they have another four trillion yuan lined up over the next five years.
Authorities estimate this debt swap will save about 600 billion yuan in interest over five years. 😲
This is the first time since 2015 that they've raised the debt ceiling mid-year.
So yeah, they mean business.
With Chinese growth recently slowing to 4.6%—the weakest in over a year—China's pulling out all the stops:
↳ Helping out real estate
↳ Giving stocks a push
↳ Cutting rates
So, with all this cash on the table, do you think China will hit its growth target?
And, is local government debt in China a problem?
$KraneShares CSI China Internet ETF (KWEB.US)$ $Alibaba (BABA.US)$ $Tencent (TCEHY.US)$ $TENCENT (00700.HK)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $Meituan ADR (MPNGY.US)$ $NIO Inc (NIO.US)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $XPeng (XPEV.US)$ $ICBC (01398.HK)$ $Futu Holdings Ltd (FUTU.US)$ $BYD COMPANY (01211.HK)$ $Meta Platforms (META.US)$ $Amazon (AMZN.US)$ $Apple (AAPL.US)$ $Advanced Micro Devices (AMD.US)$ $Microsoft (MSFT.US)$ $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ $Tesla (TSLA.US)$ $Netflix (NFLX.US)$ $Palantir (PLTR.US)$ $Super Micro Computer (SMCI.US)$ $NVIDIA (NVDA.US)$ $Arm Holdings (ARM.US)$ $Qualcomm (QCOM.US)$ $Broadcom (AVGO.US)$
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b34r : Where is this new 10 trillion yuan coming from? They just going to print it?
Dragon Fish b34r : US can print. Why can't China?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
933199333 : Everyone printing so buy asset is better then keeping cash.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
70193418 933199333 : Correct, real estate, gold, land, food, oil...
slank : but why china stock is dropping like mad today
disc0187 w31 slank : capital wants to scare people by the news and collect the stock.
ZnWC : The YT video explained why China Central Bank injects RMB 8 trillion to save the stock market. Should we start buying Chinese stocks and is the bull market sustainable?
I recommend all to watch as the explanation is simple and clear and most importantly it provides sources of information and data for us to verify the credentials.
China bull market. Should you buy Chinese stocks now? - YouTube