Your Friday Briefing: China’s Stimulus Plan

Good morning. We’re covering China’s economic stimulus plan, President Biden’s push for war funds and extreme heat in India and Pakistan. China’s Covid stimulus plan As China’s lockdowns continue and new infections continue to spread in Beijing, the central government has laid out a wide-ranging economic stimulus plan to staunch expected losses. The government will subsidize businesses, pausing unemployment insurance payments if companies avoid mass layoffs, as well as electricity and internet charges. Young people graduating from college will be subsidized if they start their own businesses, since few jobs…