The Financial Times totals up the newly announced rail-building projects announced
- as part of government fiscal stimulus
The FT also cites bank analysts on expected stimulus:
- ICBC expects four separate cuts to bank reserve requirements this year
- ING predicts Rmb4tn fiscal stimulus this year …
- "Though some fiscal money will be used for debt repayment and loan rollovers, the rest will go into infrastructure projects, which will support manufacturing activities, even if the trade war continues to escalate"
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That's the thing about bad economic news out of China, it tends to be met with a government response. While debt is increasing its not at the stage of halting such stimulus (and if the US anything to go it never will!).
