China Reports 8.1% GDP Growth, but Rushes to Cut Interest. Why?

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Script and audio file available at members' area at: https://www.jenniferzengblog.com/scripts-audios/2022/1/20/china-reports-81-gdp-growth-but-rushes-to-cut-interest-why-chinese-people-start-to-fight-back-against-the-lockdown, previous how about local government debt at: https://youtu.be/4TWjSxoT58Q

This week the CCP announced a healthy-looking GDP growth rate for last year but immediately followed it with two interest cuts that are usually adopted to stimulate the economy when it is not doing well. Why? And why did the deputy governor of China’s central bank say that “the saddest thing is the death of people’s hearts”? I will talk about these issues first. And then I will show you several videos from today showing that Chinese people have started to fight back against the lockdown.
#ChineseEconomy #GDP #InterestCut
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