Does This Mean They Won’t Buy Our Bonds

China announced a $586 billion stimulus package to try and lift the country out of the doldrums. The number is about 25% of China’s GDP.

Bloomberg has the story, but the cliff notes version is that the money is going to be spent on housing, infrastructure, grain purchases and subsidies for farmers. Purportedly the program is meant to spur domestic demand.

There goes another source of funding for our trillion dollar deficit.

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