bullish
China Has Stockpiled Arsenals to Meet Trump's Tariff War
Blue has highlighted this Insight as a Top Pick
146 Views14 Nov 2024 09:19
SUMMARY
- Last week, China's RmbB12tn debt swap plan fall short of investors' expectations. The pattern of trying to control the release of stimulus and manage the expectations is obvious;
- We notice that the government has injected more-than-required liquidity to the bank system. Such magnitude can only be explained by preparation for a long, drawn-out war;
- MOF's injection to banks to beef up capital adequacy ratio likely indicates the amount of stimulus that is about to happen to reflate the balance sheets of the local governments.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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