Advertisement
Via Bloomie:
China’s authorities are proving surprisingly reserved when it comes to unleashing support measures for its ailing economy, and investors aren’t liking the reticence.
…China’s relatively cautious program of easing speaks to the government’s concerns over price stability and the country’s large pile of debt. That’s even as the economy is forecast to grow at the slowest pace since 1976 this year. The People’s Bank of China said Monday it still has plenty of room to adjust monetary policy as needed and “doesn’t use its bullets all at once.”
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement