The Financial Times (FT) is out with the latest story, announcing that China has approved new rail projects worth more than $125bn in December, as a part of government fiscal stimulus.
The FT highlights key thoughts by the banks analysts on the expected Chinese 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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