Here We Go Again: China Vows More Massive Stimulus, Embraces "Moderately Loose" Monetary Policy

It's desperation time in China again. Two months after Beijing vowed it would unleash a fiscal bazooka, sending Chinese stocks soaring, only to see the entire move reverse as the market was promptly disappointed by yet another empty promise by the world's second largest economy, on Monday China’s top leaders signaled another round of bold economic support next year using their most direct language on stimulus in years, as Beijing braces for a trade war when Donald Trump takes office. President Xi Jinping’s decision-making Politburo vowed to embrace a “moderately...