[sgbuffett]

The China Government hv helped local governments to relief some debt burden but there r many investors buying 60 local government’s non-standard financial products not getting any relief. No of Defaults hv gone up 20%. Some USD $800 billion or 4 Trillion Yuan r at risk as the funded LGFV projects r not all doing well.
https://www.businesstimes.com.sg/interna...ebt-market

The stimulus can only cover this problem to prevent local govt from going bankrupt. It is insufficient to stimulate Chuna economy.