Not content to leave it with the PBOC's Oprah-fest of rate cutting, China's central authorities announced what's being called a massive stimulus push. The response has been near-euphoria in Chinese and other stocks, but the opposite in more crucial markets and places. All the more curious given how much other "stimulus" is being offered around the world, central bank rate cuts that are accelerating.
Eurodollar University's Money & Macro Analysis
The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work.https://www.gov.cn/yaowen/liebiao/202409/content_6976686.htm
Reuters Exclusive: China to issue $284 billion of sovereign debt this year to help revive economyhttps://www.reuters.com/markets/asia/china-issue-284-bln-sovereign-debt-this-year-help-revive-economy-sources-say-2024-09-26/
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