Looming US-China trade talks lift Asian stock markets; China cuts interest rates – business live
People’s Bank of China says interest rate cut due to global uncertainty and ‘trade tensions’ Global debt has hit a new record high of more than $324tn, fuelled by extra borrowing by Beijing as the Chinese authorities sought to offset the impact of Donald Trump’s tariffs with extra public spending.Debt rose by $7.5tn in the first three months of the year, according to figures from the Institute of International Finance (IIF).US government debt levels are projected to soar over the next several years and could trigger increased market volatility unless new revenues can be sourced to offset planned tax cuts and extensions.” Continue reading...
People’s Bank of China says interest rate cut due to global uncertainty and ‘trade tensions’
Global debt has hit a new record high of more than $324tn, fuelled by extra borrowing by Beijing as the Chinese authorities sought to offset the impact of Donald Trump’s tariffs with extra public spending.
Debt rose by $7.5tn in the first three months of the year, according to figures from the Institute of International Finance (IIF).
US government debt levels are projected to soar over the next several years and could trigger increased market volatility unless new revenues can be sourced to offset planned tax cuts and extensions.” Continue reading...
