China’s economic planners recently held a press conference to announce new measures aimed at boosting the country’s consumer demand, which has been struggling in recent months. However, the measures failed to meet the expectations of investors on the stock market, who were hoping for more substantial stimulus.
The disappointment in the markets comes as China’s economy continues to face challenges from the ongoing Covid-19 pandemic and global economic uncertainties. The lackluster response from investors underscores the growing pressure on Chinese officials to find effective solutions to kickstart economic growth.
In another development, Samsung recently issued an apology for falling short of expectations in its latest profit guidance. Despite reporting a 274 percent increase in profits on an annual basis, the tech giant’s performance still missed the mark for investors.
Meanwhile, in Ghana, citizens are protesting against the illegal gold mining boom that is causing environmental damage and conflict in the country. The issue has sparked widespread outrage and calls for stricter regulations to curb the harmful effects of the mining industry.
Overall, these developments highlight the complexities and challenges facing key players in the global economy as they navigate uncertain times and work towards sustainable growth. As investors and policymakers continue to grapple with pressing issues, the need for strategic and effective solutions remains paramount.
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Video “China’s plan to boost economy underwhelms markets • FRANCE 24 English” was uploaded on 10/08/2024 to Youtube Channel FRANCE 24 English