Market Views: Will China's next stimulus break from tradition?
The old stimulus playbook, which involved cheap lending and a massive push to infrastructure to boost the economy, is no longer relevant, according to institutional investors. So what can China's government do this time around?
Expectations are growing for a stimulus package to revive China's economy, which after an initial reopening bounce earlier this year, has started to falter.
June data showed China was on the brink of deflation – the consumer price was unchanged from a year earlier, while producer prices fell 5.4% year-on-year, staging the sharpest decrease since December 2015.
The People's Bank of China (PBOC) in the past few weeks has started the easing process by cutting some key interest rate…
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