In this chartbook, we walk you through the latest developments in the Chinese economy and offer our outlook.
Continue Reading
The PBOC has cut a short-term policy rate for the first time in nearly a year, but it also still wants to encourage banks to sell long bonds.
China’s GDP growth slowed in both real and nominal terms in Q2, and the GDP deflator has been negative for five straight quarters.
The PBOC has laid out more details on its plan to short sell government bonds; the measures will tighten liquidity in the interbank market.
China moved quickly to build a nationwide 5G network and became a global frontrunner; now, local telecoms are scaling back their investments.
Hong Kong’s economy has been sputtering since before Covid, and it has lagged other developed economies in the region.
The PBOC governor defended the central bank’s monetary policy stance and implied that credit growth will not accelerate very much.
Retail sales improved in May, but most other areas slowed, including industrial production, real estate, and FAI.