Chinese leaders to hold annual 'Two Sessions' meeting as debate about bazooka-like stimulus swirls [MSNBC.com]
BANK OF CHINA UNSP/ADR (BACHY)
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Source: MSNBC.com
Key PointsA Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.Edgar Su | ReutersBEIJING — The country'sgross domestic product grew by 5.2% in 2023slump in the massive real estate marketfalling global demand for Chinese exportsThat's all led to questions over whether Beijing will step in with large-scale support. So far, authorities have been relatively reserved.Beijing signaled in December that any new policy support would be "appropriatewatch nowVIDEO3:3303:33Sands China CEO says its non-gaming revenues have surgedSquawk Box AsiaWang said he is watching for comments on authorities' plans for the real estate sector, capital markets and local government finances.Back in 2008, when the world was reeling from the financial crisis, China unleashed amassive stimulus packagesurge in local government debtBeijing in recent year
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