China’s government launched its biggest post-pandemic monetary stimulus package late last month and signaled that more fiscal support was on the way. Most sectors in the U.S. economy reacted favorably to the news, and markets rose on cue.The package announced by the People’s Bank of China (“PBOC”) is tripartite. First, the PBOC has committed to bring down reserve requirement ratios (RRR) by a half percentage point and the main policy interest rate by 0.2 percentage points. The PBOC governor also indicated t ...