Earlier today we presented three reasons to doubt the veracity of China’s unabashedly strong Q1 economic data: the collapse in land sales, weak imports, and the unexpected decline in electricity consumption. We can now add one more: according to Bloomberg, China is now preparing to take even more stimulus steps to boost growth.
According to the report, Chinese officials are drafting measures to bolster sales of objects which have seen a surprising decline in consumer demand, namely cars and electronics.
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