Lufthansa Cargo strengthens 'key strategic partnerships' in China
Lufthansa Cargo has made a big bet on China: it has signed agreements with Shanghai ...
© Feng Yu
THE HEISENBERG writes: “Call me naive, but I’m still not 100% convinced there’s a “limit” to how much China can do when it comes to pulling various fiscal and monetary policy levers to juice the economy. Do note that there’s a difference between saying Beijing’s bag of tricks is basically bottomless and saying those tricks will work when it comes “reflating” – as it were. As Goldman wrote last week, the credit transmission channel in China clearly needs some ‘unclogging.'”
Comment on this article