1/9 Sometimes you just have to trust the arithmetic. Since March I have argued that Beijing had little choice but to engineer a large demand-side stimulus of at least RMB 1 trillion before the end of... www.nytimes.com/2024/09/27/b...

China Stocks Soar in Biggest Single-Week Jump Since 2008

Economic stimulus moves by China’s leaders triggered a broad rally in trading in Shanghai and Shenzhen.

📌

2/9 the year because – given trade and domestic investment constraints – more of the supply-side spending it had long preferred wouldn’t allow it to achieve the 2024 GDP growth target.