China’s slowing economy is waiting for more stimulus. Here’s how the country plans to boost growth

Key Points

China’s slowing economy is still waiting for the promised government support to kick in.
Senior economic and finance officials have told reporters in the last two weeks that fiscal support is in the works, and the issuance of ultra-long bonds to spur consumption would exceed last year’s.
Stimulus will begin to take effect this year, but it will likely take time to see a significant impact, Mi Yang, head of research for north China at property consultancy JLL, told reporters in Beijing last week.

Source

Finance

A 5 million percent return in 60 years leaves Warren Buffett’s legacy unmatched

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Key Points Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run. From 1964 to 2024, Berkshire delivered a compounded annual gain of 19.9%, nearly double the S&P 500’s 10.4%. As Buffett relinquishes the helm, investors are increasingly focused on what disappears with him. Source

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