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In October 2024, China's housing market has seen a significant rebound, with major cities reporting a surge in transactions. This follows recent government measures aimed at stabilizing the sector, including increased funding and reduced mortgage rates. Analysts remain cautious about the long-term effectiveness of these policies.
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China's National People's Congress has approved a 10 trillion yuan fiscal package to address local government debt, including 6 trillion yuan for refinancing hidden debts. This comes amid economic challenges and expectations of further measures following Donald Trump's election victory in the US.
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At the recent BRICS summit in Kazan, Putin acknowledged challenges in establishing an alternative to the US dollar. Despite calls for local currency use, the bloc's members remain hesitant to fully abandon the dollar, reflecting ongoing geopolitical tensions and economic dependencies.