Understanding Economic Stimulus

China is taking action to boost its slowing economy with different types of economic support. By lowering interest rates, making it easier to borrow money, and helping local governments buy unsold real estate, China hopes to increase growth.  Skip Montreux and Dez Morgan talk about how the Chinese government is using economic stimulus to improve its economy. The People’s Bank of China (PBOC) recently took steps to encourage more borrowing and spending, including lowering interest rates and loosening rules for bank lending. Another important step allows local governments to sell bonds to help fund the purchase of unsold real estate, which indirectly supports property developers. D2B 345 explores China’s recent economic stimulus measures and what they mean for the country’s economy. Skip and Dez discuss how these government actions are helping key sectors like real estate and technology. They also look at the risks involved if government support ends. This episode of D2B provides a look at the benefits and challenges of economic stimulus in a major global economy. Do you like what you hear? Become a D2B Member today for to access to member-only episodes, our --NEW!!! -- INTERACTIVE AUDIO SCRIPTS, PDF Audio Script Library, Bonus Vocabulary episodes, and D2B Member-only episodes. Visit d2benglish.com/membership for more information.