David Martin

Opportunity to Sell Into China's Illusory Stimulus Package

The package is said to include social stimulus programs too, which could presumably be front-loaded as they are an easy way of disbursing money.
An interesting question, I would have thought, is that if these funds are disbursed, taking China from a position of budget surplus to slight deficit, that would mean that around $300 billion a year would no longer be available to buy US Treasury bonds.
Any expert comment on the consequences of this?