Welcome to the 194th edition of Trade War.
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On to the news:
In an effort to boost China’s flagging economy, the central bank announces cash infusion while Beijing and Shanghai loosen home buying requirements.
Analysts on Weibo are told to stop criticizing economy. And ministry of state security says negative comments are being used to “strategically contain and suppress China.”
Just months after Joe Biden was in Hanoi, Xi Jinping visits Vietnam’s capital to strengthen relations and counter growing ties with the US.
Could Sino-American ties return to an upward trajectory, asks prominent historian. Treasury Secretary Janet Yellen says in speech that it is unrealistic to expect an end to disagreements. Ban on Chinese officials using iPhones spreads to at least 8 provinces.
Record pump-priming to counter “dire” economy
In an effort to boost China’s flagging economy including its troubled property sector, the central bank announced a massive infusion of $112 billion of cash into the economy on Friday, while Beijing and Shanghai both cut the required down-payments when buying apartments.
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