China's Big Four Banks Plan to Increase Lending in 2H was a post earlier this week. The banks announced plans for more lending, but not substantially more. They're still worried about NPLs.
Caixin: Banks Reluctant to Obey Calls for More Credit
Maybe they will buy infrastructure bonds instead? Who's Gonna Buy 1 Trillion in Infrastructure Bonds
China runs a modern monetary (credit) system. Credit is limited by lending and borrowing. The government is accelerating bond issuance and lifted caps on bank buying of those bonds. The forced nature of the lending remains similar to prior stimulus efforts. The scale remains limited, for now.
Why Is a Sensible Immigration Policy Discussion So Hard?
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Why is the choice between shutting down the border and no controls at all?
And what about demographics? Fertility rates?
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