Here’s a roundup of the week’s key developments for China markets
Government policies aimed at boosting growth have had some success, as can be seen in rising credit demand from households and exports that blew past estimates. At the same time, markets remain nervy because consumers still aren’t spending enough to push this year’s growth up to the
5%. There’s also the argument that subdued inflation and a stable currency give Beijing plenty of room to unleash more stimulus.
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Stimulus update: Deadline to apply for California city's $500 guaranteed income program one day awayEligible applicants only have until the end of Saturday to apply for a guaranteed income program in El Monte, California, that will provide monthly payments of up to $500 for a year. The program is intended to help mothers.
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