China's government failed to deliver concrete "stimulus" plans because authorities are conflicted. In the absence of any good ideas for combatting deflationary recession, they'll issue more rate cuts that never work hoping beyond hope something clicks.
Eurodollar University's Money & Macro Analysis
SCMP: China’s State Council fans stimulus hopes with economic plan for faltering growth
https://www.scmp.com/economy/china-economy/article/3224445/chinas-state-council-fans-stimulus-hopes-economic-plan-faltering-growth
Bloomberg: China Shifts to Stimulus Mode With Xi’s Options Dwindling
https://www.bloomberg.com/news/articles/2023-06-13/china-shifts-to-stimulus-mode-with-xi-s-options-dwindling
Bloomberg: China RRR Cut Gives Bigger Growth Boost Than Rate Move
https://www.bloomberg.com/news/articles/2023-05-25/china-rrr-cut-gives-bigger-growth-boost-than-rate-move-be-says
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