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The popular view is that China will give up and reflate the economy, as it's done in the past. Maybe. But so far analysts like @hzsong are, I think, winning the debate: China is easing at the margins but still trying to restrain leverage. Credit growth remains relatively weak.pic.twitter.com/jYIfzSJpn1
Credit growth at only 10% will be a bump road for China's economy? That should feel like having a rocket glued to their ass.
