RE:RE:Chinese on fire... Perhaps, but what I'm reading speaks of caution.
Experts call for further monetary easing and fiscal stimulus
“We could see a temporary boost in stock prices,” Tianlei Huang, senior researcher at the Pearson Institute for International Economics said, “but the risk of a bubble is real if deeper issues in the economy remain unresolved.”
Additionally, the central bank indicated the possibility of further RRR cuts by year-end, depending on the economic situation. However, despite this monetary easing, experts argue that weak credit demand could hinder the policy’s effectiveness.
“Monetary easing during a downturn can sometimes feel like ‘pushing on a string,’” said Tianlei Huang, He added,
"Although the monetary easing measures will lower borrowing costs, which have remained high in China because of falling prices, credit demand is now so weak that households and corporations may still not want to borrow and banks may not want to lend.”
Why China’s latest monetary stimulus might fall short of reviving its sluggish economy (msn.com)