Don’t expect Chinese stimulus to save the global economy

Responding to the 2008 financial crisis, China unleashed a fiscal package of 4 trillion yuan ($586 billion at the time), plus an unprecedented surge in bank lending that spurred demand for commodities and consumer goods. All that, in the process, lifted trading partners such as Australia and Brazil and major global companies. It repeated the exercise on a smaller scale in 2016, using fiscal spending to revive the property market.

Source: Bloomberg