China's Spending Spree: A Budget Deficit Boost?

China's economy is struggling, and the government is throwing money at the problem! A record surge in spending, up 9.3%, has led to a massive budget deficit, but will it work? Despite the cash injection, July's economic growth slowed, leaving analysts scratching their heads as infrastructure spending slides and social welfare gets the focus. Is this a temporary blip or a sign China needs a new economic strategy? Hosted on Acast. See acast.com/privacy for more information.