The central government plans to launch a new set of rules to force developers to reduce leverage.
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China’s economic recovery continued in July, but the pace was slower than the market expected.
The RMB exchange rate is now much more affected by flows from the capital account than the current account
Chinese leaders are pleased with the pace of economic recovery and are less eager to push stimulus policies.
China’s equity rally is driven by a combination of improving fundamentals, more inflows, and a sudden change in sentiment.
Beijing shifted its policy from building a “strong currency” to a more pragmatic approach.