China economic slowdown sparks debate over what caused the slump, and how Beijing should intervene


Hint: Crony capitalism plays a vital part. But policy makers in China appear to be doubling down on past mistakes.

(From The South China Morning Post)

the State Council, China’s cabinet chaired by Li, has already shifted some of the 2020 local government bond issuance quota to this year to boost financing for infrastructure projects, while the People’s Bank of China cut the amount of money that banks are required to hold in reserve at the central bank to expand banks’ lending capacity.

“Unlike the previous massive [money] injection, Beijing prefers loosening in small steps and is highlighting support for the real economy, manufacturers in particular,” said Hao at Commerzbank, referring to the huge levels of stimulus pumped into China’s economy after the global financial crisis of 2008.

Visit the USSA News store!
Click this link for the original source of this article.
Author: Nick Sorrentino

This content is courtesy of, and owned and copyrighted by, and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.