China’s New Stimulus—Cross-Cutting? Yes. Big? Unclear
(Bloomberg) -- China is lining up monetary and fiscal policy to provide support for growth, targeting the weakest links in the economy: In the last few days the government has announced plans for boosting bond financing for private firms and cutting taxes for households. The plans so far are somewhat vague, making it difficult to put a number on the size of the stimulus. That may be by design, according to Bloomberg Economics.
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