China’s little finaincal crisis rolls on

Friday, 16 April 2021

Some more updates on the little Chinese financial crisis roiling its bond and equity markets. Analysts had hoped that yesterday would being relief form the PBOC, no such luck:

Stocks fell as the PBOC withdrew liquidity as for a fourth straight month:

Funding costs in the junk bond market will keep rising, noted ANZ.

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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.