So, the Chinese economy does have a pulse after all.
Credit extension by banks and bond issuance by local governments are supporting some kind of revival in infrastructure investment, and a 30 per cent rise in the Chinese equity market since the start of this year is helping to lift the intensely pessimistic mood that paralysed Chinese spending in the latter part of 2018.
The stimulus policies that China started to introduce last summer, and intensified more recently, now seem to be reviving the patient.
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