China Stocks Rallying On "Stealth Stimulus" Loan From Agricultural Bank To Shanghai
August 12, 2013 at 11:06 AM EDT
Making headlines overnight was news that the state owned Agricultural Bank would be giving a massive loan to Shanghai to be used to complete its Disneyland. The move has shown increased confidence in consumer spending and increased willingness to invest in the region. The loan itself also raised eyebrows, as it