Great analysis as always! Interesting to see both China and US trying to stimulate their economies when they are celebrating the fact that they are growing GDP above targets. There are keeping things from the general panic as they try to creat a better normalization as their central banks focus on reducing their balance sheet.
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I think there is a difference in thinking. China is trying to modernise their economy. It is also trying to integrate the Silk Road economies through infrastructure. By definition this is stimulatory.
What I see the US doing is simple stimulus - tax cuts and monetary stimulus. There are some spending measures but they are not yet focused on building/modernising other than for defence. That will come as Donald Trump has been very consistent in coming back to his list of campaign promises. He did promise infrastructure spending.