China Intervenes to Calm Capital Markets
Podcast: WSJ What’s NewsPublished On: Mon Aug 28 2023
Description: A.M. Edition for Aug. 28. Beijing cuts taxes on stock trading and took steps to limit new IPOs today in an attempt to reverse this year’s market slide. WSJ reporter Rebecca Feng explains why a broader economic turnaround will require further effort. Plus, Yuka Hayashi breaks down how Treasury Secretary Gina Raimondo hopes a trip to China can pull it and the U.S. out of a diplomatic tail spin. And 3M nears a settlement in the largest tort case in US history. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
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