Is China emerging as the phoenix rising from the ashes, lifting the global economy with it? Or is it like the rest of the globe just a new short-lived keynesian debt pump? Recent data suggests a resurgence in investor confidence, too.
Industrial production gains momentum, soaring to +7.0% year-on-year in JAN-FEB, while fixed asset investment surges to +4.2% year-on-year, surpassing consensus expectations of +3.2% and outstripping December's +3.0%.
Aren't year-on-year changes going to be weird for China, since they were still doing Zero Covid policies last year?
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Whatever they need to pump data and their economy.... look at the monetary policy. They are really pushing for it
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