Tag: Stimulus

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Chinese Cities Pledge to Boost Spending, but Will They?

The Wall Street Journal reports that a number of Chinese cities have rolled out large stimulus measures intended to boost slumping growth: The city of Chongqing in China’s southwest called for investment of 1.5 trillion yuan ($237 billion) in seven key industries over the next three years, the state-run Xinhua news agency reported Monday. … Separately, Tianjin, a city next to Beijing, s