China’s $600 billion stimulus package will yield results
China is holding its ownregarding economic growth because the government is pumping massive amounts of government money into the economy in order to make up for the loss in trade. What does this mean for China, Chinese shares and the global economy?
The Bloomberg video below makes the bullish case for China and Asia more generally. (Disclosure: I have previously said China’s growth rate would trough at 2%, but this is looking relatively pessimistic at this point – Standard Chartered is calling for 6%. I am sticking to my view for the time being. But, the bullish case for China is looking better every day.)