China stimulus may be stronger than market expects.

Calling on China’s railway infrastructure to possibly double in the second half of the year. “There may be more positive signs in the coming months to confirm that China’s pro-growth policies are taking effect”. Premier Wen warned that the nation doesn’t yet have the momentum for a stable recovery”. BUT it has a “Road to Nowhere” (FT). And I thought only we had bridges and roads to nowhere.

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