Yang Yewei News Today

(Bloomberg) -- China’s local governments are accelerating the pace of borrowing for infrastructure investment, a move that could help lift economic growth while also putting pressure on financial markets. Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsFed Ramps Up Demands for Corrective Actions by Regional BanksA...

Chinas economic growth in the second quarter may have slowed to below 2 percent year-on-year due to COVID-19 outbreaks, underlining the necessity of beefing up policy adjustments to achieve this years growth target of around 5.5 percent.

A wall of maturing debt and a surge in seasonal demand for cash will test China's financial markets this month. . Read more at straitstimes.com.