China’s economic growth target of 5% this year is looking ambitious, given sluggish consumer spending, an uncertain outlook for the country’s exports and a still shaky property market. Beijing responded in late September with a package of stimulus measures that prompted a historic stock rally.

After four miserable years, stock market in Hong Kong and mainland China are finally soaring, but whether benefits from the economic stimulus measures announced in September spread beyond stock investors and into the real economy have yet to be seen.

Chinese government revealed its second-largest stimulus package in history in a bid to jumpstart its economy scathed by an ongoing debt crisis and property sector collapse. But Stephen Roach, the former chairman of Morgan Stanley (MS) Asia,

After years of sluggish growth, China is now making bold moves to reignite its faltering economy. In a dramatic push, Beijing has rolled out massive stimulus measures aimed at boosting consumer spending,