Part 7/8:
The 2008 financial crisis set the stage for China’s vast infrastructure stimulus, which played a critical role in bolstering global economic recovery at a time when markets were stabilizing. Today’s circumstances differ markedly; global assets are generally priced more bullishly, indicating that any positive outcome from Chinese stimulus will likely lean more towards Europe than the United States. This shift highlights the complex interplay of global economies and the localized effects of economic policies.