Will China's stimulus be enough to get its economy out of deflation?

China's current stimulus plan is still unfolding. The monetary easing announced by the People's Bank of China (PBOC) in late September has already been carried out, but the fiscal part of the plan still lacks details. While the Ministry of Finance has already unveiled how the upcoming fiscal package will be used, its size will not be known until China's top legislators meet and approve the plan in early November. Reportedly, Beijing is now considering announcing a RMB10 trillion fiscal package over multiple years at the upcoming legislature meeting. The actual size could be larger if Donald…