$Alibaba(BABA)$ There’s no new

$Alibaba(BABA)$ There’s no new stimulus specified to incentivize consumption, which has been a weak link in the economy, and no specifics on subsidies for households either. And while Lan said local governments have 2.3 trillion yuan of funds from special bonds that they can use by the end of this year, that is not fresh stimulus, as that comprises bonds that have been issued but not used yet, plus bonds that haven’t been issued but are within this year’s quota

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