China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks – The New York Times

China has announced plans to increase borrowing in order to boost its economy and bolster its banking sector. The goal is to stimulate economic growth and ensure the stability of financial institutions. This move is part of the country’s efforts to recover from the economic impact of the pandemic and support businesses and consumers. China’s decision to unleash more borrowing signals its commitment to strengthening its economy and financial system.