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FXP - China's Coming Fiscal Stimulus: A Time To Grow
ProShares Ultrashort FTSE China 50
Several institutional factors make it more effective than monetary policy at stabilizing growth in the short run.
The significant and unexpected shock from the latest COVID-19 outbreak has made it harder for China’s government to achieve its 2022 growth target.
About 70% of proceeds from local government special bonds are channeled to areas like transportation, municipal construction, government-subsidized housing projects, agriculture, forestry and water conservation, and the energy sector.