In China slumping car sales signal it’s time to get out those central bank cash hoses again
Think there’s a connection here? New car sales in China fell in June for the first time in more than two years. And last week the Communist Party’s Politburo pledged policy changes in the second half of 2015 to accelerate growth. The proposals are heavy on the tried and true of infrastructure spending and big increase in the funds available for debt financing.