The Chinese government can throw in trillion of dollars into the markets and economy. They have to use their reserves unless they have alternate source of revenues. The Chinese government can't print money or issue bonds like the US to fund the stimulus because many countries will not buy their bonds, etc citing geopolitical risks.

The Chinese government has now decided to use its vault to stimulate the economy. The stimulus policies must eventually resolve the structural problems facing the Chinese economy, the money spent will be just hot air.

Many people did not realise that the one road one belt initiative by China over the decades have produced very little results. Many of the invested infrastructure projects are super under untilised. It may take decades to recover the investments.

No doubt that China is a rich nation but its huge population has also created a lot structuralproblems. In a highly regulated market in China, free market economics do not work.

In this current rally in China and HK, it is goodnews for traders but not for investors. Be careful not to be the last guy holding the baby.