Domestic demand continued to be a big drag in July, and retail sales and investment were both underwhelming.
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In recent days, the RMB has recovered all its losses against the USD from earlier in the year, and the gap between USD/CNY fixing rate and spot rate has closed.
The Politburo meeting called for more policy measures to support growth, but we are still waiting on details.
In this chartbook, we walk you through the latest developments in the Chinese economy and offer our outlook.
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.
