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China Tips More Stimulus, But Does Anyone Care?
On Thursday, in his "e-mail" to CNBC's Joe Kernen, David Tepper flagged the slowing Chinese credit impulse among factors that have him cautious on markets.
The trade war came at a particularly inauspicious time for China as Beijing attempts to navigate the choppy waters around squeezing leverage out of the labyrinthine shadow banking complex while ensuring credit to the real economy isn't choked off. Essentially, they are trying to de-leverage and re-leverage at the same time and the trade war
