Posted 10/30/2023, 9:14:00 AM
China Convenes Major Financial Conference to Bolster Economy and Xi's Control
- China holding major financial conference as leaders try to boost slowing economy and create jobs for unemployed youth
- Meeting expected to fortify Xi Jinping's control over $61 trillion financial sector
- China issuing bonds for infrastructure, preventing disasters to counter housing construction slowdown
- Conference tackling reforms like unwinding debt held by developers, local governments, regional banks
- Officials convening as Hong Kong court adjourns winding-up hearing for troubled developer China Evergrande