Comment / Chinese stimulus plan – defend and spend

ID 74807875 © Leonid Andronov | Dreamstime.com

Chinese stock markets have been enjoying their biggest bounce for 16 years since 24 September, when Beijing unveiled its new economic stimulus plan to try and get the country out of its current economic slump.

The reaction from financial markets was as if Christmas had suddenly turned up announced midway through Autumn – although in a sense, it kinda had, because the week that began with the stimulus announcement ended with the start of the Golden Week holiday. Still, the CSI ...