The winds for the Chinese economy have not been blowing very favorable. The strategy of Covid-zero and the effects of the pandemicthe effects of the trade war with the U.S. and the invasion of Ukraine on the global economy have hit the Asian giant's economy.. The Chinese government has decided to resort to a classic tool to counter the headwinds: boosting investment in infrastructure .. A strategy that, by the way, is music to the ears of commodity exporting countries such as Chile.

The problem is that the central government is short of funds to finance this strategy.. To solve the problem, it has decided to resort to another classic formula: open the key to state bank financing .. The Council of State ordered at the end of May to make US$120 billion available to finance infrastructure projects.

The funds will come mainly from the China Development Bankthe Agricultural Development Bank of China y Exporti-Import Bank of China. The funds are expected to come from the bond issuance and an eventual reduction in the requirements of the People's Bank of China. People's Bank of China on the reserve ratio or reserve requirement that banks must maintain.