China Beige Book: China's economy is weak but not catastrophically weak
Trying to figure out the minimum amount (of stimulus) needed to keep the economy going. Property is weak in large part because they (Beijing) want it to be weak. What should be soaring is consumption but not doing too well. You can't incentivize consumption through one-off vouchers.
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Sg Lion :
狮城牧羊人 : You are right that China is not yet catastrophic but I’ll say it’s still chaotic, they jolly went on meeting after meeting yet cannot deliver anything substantial.
Some say this is being cautious before Trump coming into picture while another camp says that it’s because Xi Jinping is being cornered on a power struggle resulting his diminished power to do what he wanted to do.
中国貌似政局很乱。
YellowPika : the longer they drag the more needed. min 1 trillion to push up