Investors prefer Berlin over Beijing for ‘spending’

Bloomberg

Global fund managers say German fiscal stimulus would be a greater boon to risk assets than infrastructure spending in China or aggressive central-bank policies.
Uncertainty from the US-China trade war and perceived monetary-policy impotence are increasingly placing the onus on fiscal policy, according to a recent investor survey conducted by Bank of America Merrill Lynch. Yet market participants are focussed more on Germany in this regard than China — the world’s second largest economy, which has previously driven global growth.