Bloomberg Daybreak: Asia Edition
China Sets Growth Target
Mar 5, 2024
Discussing China's growth target and economic strategies, challenges in technology investment, market outlook by Ron Temple, and AI investments' impact on corporations.
22:16
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Quick takeaways
- China's strategic focus on science and technology funding to drive economic growth with over $1 trillion in special central government bonds.
- Emphasis on boosting private sector support, consumption, and software development to overcome challenges in semiconductor industry and AI advancement.
Deep dives
China's Infrastructure Funding with Government Bonds
China plans to issue over half a trillion dollars in special local government bonds, aiming to fund infrastructure projects and boost economic growth. Additionally, the unveiling of one trillion dollars in ultra-long special central government bonds, with a significant portion allocated to science and technology research and development, indicates a strategic focus on key areas for growth.
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