China Vows Enduring Local Debt Cleanup at Key Meeting

The video discusses China's efforts to support its economy, focusing on a meeting in Beijing chaired by President Xi Jinping. The meeting, delayed due to COVID, addressed long-term economic challenges such as local debt and the role of the state in financial markets. The Central Bank and fiscal stimulus measures aim to tackle current economic issues. The PBOC is expected to inject liquidity to maintain market stability amid new debt issuance.

What measures were announced to tackle the economic problems?

What actions is the Central Bank taking to ensure market stability?