China to See Very Little Growth This Year, Oxford Economics Says

Apr.20 -- Louis Kuijs, head of Asia economics at Oxford Economics, discusses China's efforts to counter the damage caused by the coronavirus outbreak. Chinese banks lowered borrowing costs and the government promised to sell another 1 trillion yuan ($141.3 billion) in bonds to pay for stimulus spending after the economy had its first contraction in decades due to the outbreak. Kuijs speaks on "Bloomberg Markets: Asia."

[johnf]

One of things that PBOC clearly is doing is remaining flexible in terms of their monetary policy, with so much uncertainty going around the world economy. The Chinese domestic fiscal policy seems to suffice to stimulate its local level economy with the backdrop of world economy in a recession, it's obvious smart not to show all your hands without knowing what the world looks like in 6 months. I am certain they've got their fingers on the trigger when dust settles they'd pull if there is necessity.
I am more worried about what Feds is going to do as U.S economy reopens, with so much industry sectors are going through some tough tranches, if inflation starts picking up, Feds might find out they've got no ammo left..