China is also considering issuing more treasury bonds, like the United States and Japan, but for infrastructure. Can't think of a better way besides playing with steel and cement? Why not just give money to 1.4 billion people, which will not only stimulate consumption but also increase people's gratitude to the government? Of course, the biggest problem for China's economy in the near future is that a large number of manufacturers have moved to Southeast Asia and other places, and some of their export shares have been taken away by countries such as Vietnam and Mexico, resulting in idle factories and land at home, high youth unemployment, and local fiscal deficits.

Bloomberg said that China issued more treasury bonds and increased the deficit rate. The purpose is to increase policy support for economic growth! Officials are considering issuing at least 1 trillion yuan in debt for infrastructure, which may push this year's budget deficit far above the 3% cap set in March. There are also rumors that the details may be announced as early as this month. After the report was released, the offshore renminbi erased its losses.