$UP Fintech (TIGR.US)$ if you held at the close you are goin...
$UP Fintech (TIGR.US)$ if you held at the close you are going to be rewarded come Monday because China just announced a major round of stimulus to boost their economy.
China's most recent round of stimulus was announced on October 12, 2024. The plan includes issuing 2.3 trillion yuan in special bonds over the next three months to support local governments, low-income citizens, the property market, and state banks
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Nifedipine : the 2.3 T is the same one they announced in end of September
10baggerbamm OP Nifedipine : 2 trillion yuan ($284 billion) was September
some will say that what they just did is not what was expected but I will tell you that there will be another round coming up more than likely sometime mid-november end of November beginning of December once they start they're going to continue it's kind of like the Federal reserve once they start lowering rates it's a trend that continues. once Federal reserve starts increasing rates it's a trend that continues. now that China is stimulating their economy it's going to continue month after month after month
102597866 : More updates coming on Mon
Too Tall 10baggerbamm OP : You’re right. These are not “one and done” situations.
OK 哥 : You are right, doing it all at once will definitely lead to the same pattern as before, raising too high at once and then dropping even lower. Currently, the china government does not want to do it this way, preferring a phased approach.