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Beijing Is Prepared For Slower Chinese Growth And Rising Defaults. But Is Everyone Else?
China is not rushing to roll out broad-based monetary stimulus, even as growth slows and the effects of the trade war continue to manifest themselves in lackluster economic outcomes.
The revamped loan prime rate - published each month on the 20th - was left unchanged in October, against expectations for another small reduction.
As a reminder, China moved to simplify its two-track rate regime this year in a bid to bring down average borrowing costs. That effort culminated in a new LPR compiled
LOL, the Chinese government is the only one overseeing a major economy that still believes in the virtues of creative destruction. Wrap your head around that one.
I know. And Xi is also now the torchbearer for multilateralism. Hilariously (and tragically) he’ll also have a solid claim on “Leader of the Free World” when Merkel finally steps down. The leader of an actual police state with a horrible human rights record will be the most democratic leader on the planet. LOOOL