China released a real estate stimulus plan a day before the GDP announcement… The market is again ‘disappointed’
Whitelist loan volume expanded to 4 trillion yuanRenovation of 1 million underdeveloped houses in big citiesShowing willingness to stimulate stimulus ahead of 3rd quarter growth rate announcementI was expecting a ‘big bang’ stimulus package.Stock prices and iron ore prices plummeted simultaneously. A day before the announcement of the third quarter gross domestic product (GDP) growth … Read more