China’s “structural hard landing”


More unstimulus into a glutted supply side:

The People’s Bank of China is drafting preliminary policies to give private businesses better access to funding as authorities ramp up efforts to boost economic growth.

Central bank leaders and officials from other financial watchdogs met with representatives from more than 10 banks as well as private companies, including property developers and manufacturers, on Wednesday, according to local media reports.

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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.