China Banks Enlisted in Stimulus Push

China may announce that the big state-owned banks are cutting rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of existing mortgages, according to people familiar with the matter. The reductions will only affect loans on first homes, according to two of the people. Shery Ahn has more on "Bloomberg Markets: The Close."

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[ArabicReja]

China 🇨🇳 has been a money-printing machine on overdrive.
During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while its economy is only half of them.
Current Chinese debt-to-gdp is highest in the world, at 285%, according to Bloomberg.

[lastChang]

Even with having the highest debt-to-GDP ratio in the world, at almost 300%, China should provide more stimulus to its economy by borrowing and printing more money.
Do it China, don't be shy!