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BCA's Marko Papic (@Geo_papic) sees Chinese monetary & fiscal stimulus as a "fairly big deal": "This is Beijing’s 'Whatever It Takes' moment.
Effectively, Beijing has reached a point where the policy focus shifts from guarding against moral hazard to guarding against political risks." He bets, that we are at the start of a major rotation out of US assets. Source: HolgerZ, Bloomberg
China shorts are "ALL-IN".
Even more than at *the* Bottom. Source: Macro charts
Xi's economic adrenaline shot is only buying China a little time
Source: Bloomberg
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