I noted yesterday that Chinese broad credit is still struggling to rebound, quite unlike previous stimulus episodes:
Some more charts today from WSJ Daily shot make the point again:
More stimulus will be needed or growth will keep slowing. The PBOC is clearly loath to cut cash rate lest it crash CNY but it will have no choice soon.
YOU MAY ALSO BE INTERESTED IN
Chinese house prices fade away
The fade continues for Chinese data. This time
More on China's trade war empty offices
As reported last week, via SCMP: A building
CCP building a fourth aircraft carrier
Via The National Interest: The People’s
Is Chinese real estate going to slow or not?
Regular readers will know that the notion of a