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Kudlow: Stimulus payments to Americans are stimulating China’s economy

Fox Business Network host lays out how high consumer spending in US is boosting Beijing

KUDLOW: These big stimulus packages passed last December and January are, in fact, temporarily helping the economy to rise up, and we are seeing it in the first quarter. But here’s something that I don’t like, and I have to credit my good friend DJ Nordquist. She was our World Bank executive director, former CEA [Council of Economic Advisers] staff director.

She sent a memo to Kevin Hassett, Larry Lindsey, and myself to show that unfortunately these “stimmies” are actually stimulating China as much or more than the U.S.

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