Was wondering, why China hasn’t announced any strong fiscal or monetary stimulus to jumpstart its economy like in 2009? Does this mean that it is accepting much lower growth this year due to the virus? What is the lowest that the Party, and the country, accept?

Also, the Fed is probably not gong to establish USD swap lines with China. Does this mean that in the current environment where there’s a USD funding shortage, China would have to sell of some US treasuries to raise USD?