Economics

China Has a Stealth $410 Billion Stash to Boost the Economy

Photographer: SeongJoon Cho/Bloomberg
Lock
This article is for subscribers only.

Stashed away around China is a pile of cash larger than the annual economic output of Norway.

Governments at all levels across the nation have a total of 2.8 trillion yuan ($410 billion) saved, according to researchers at Industrial Bank Co., and that money could be used to boost economic growth in the event of further escalation of the trade war.