China’s stimulus in 2020 and 2009 are quite similar in scale but GDP has more than doubled -> proportional impact

China’s stimulus in 2020 and 2009 are quite similar in scale but GDP has more than doubled -> proportional impact is far less. Also far less heavily focused on construction
ncbi.nlm.nih.gov/pmc/articles/P… https://t.co/W84ZLep7wC

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