China is stimulating the economy to hit its GDP target of 5.5%: China’s plans to bolster growth via fiscal stimulus as its zero covid policy meant that it has carried out widespread lockdowns where covid cases occurs, thus depressing economic activity in that city or region. To counteract the lockdown and regulate economic activity within its target range, analysts have estimated that China has announced 32.86 trillion yuan which is approximately nearly US$5 trillion of stimulus till date. On top of fiscal stimulus, China is also using monetary policy, its other weapon in a twin effort to secure economic growth. Monetary policy support so far is estimated at 2.64 trillion yuan and this includes hundreds of billions of yuan in liquidity unleashed by the People’s Bank of China through policy loans, cuts to reserve ratios for banks, as well as cheap loans to help small businesses and green projects during the pandemic....