China's economy has been struggling due to factors such as an aging population, shrinking workforce, stagnating private investment, and a plummeting real estate market, leading to a significant economic slowdown. The government has responded to this downturn by implementing various measures, including cutting bank reserve requirements, reducing trading costs, encouraging lending to real estate companies, printing billions of dollars worth of fresh cash, and replacing the country's top market regulator. There is a possibility of more drastic measures being taken, such as implementing a ban on major shareholders selling their shares, to stabilize the market.
China’s economy has a tumultuous week, the campaign fundraising battle heats up for presidential candidates, and a ring of smugglers at our northern border is discovered. Get the facts first with Morning Wire.
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