The stimulus that wasn't: re-interpreting China's monetary moves
Mar 04, 2016 04:07 am UTC| Insights & Views Economy
Context is everything. And when it comes to Chinas monetary policy, its frequently lacking, leading to the wrong conclusions being drawn. Earlier this week, Chinas central bank, the Peoples Bank of China (PBoC), said...
Supply-side structural reforms likely to pose headwinds to China’s growth in short-term
Mar 03, 2016 10:30 am UTC| Commentary Economy Politics
The NPC is expected to keep the supply-side structural reforms topic as its main topic on the macro policy agenda. Their key impact on financial markets is expected to be through the execution and implementation of five...
China’s fiscal policy likely to be moderately expansionary in 2016-2017
Mar 03, 2016 10:04 am UTC| Commentary Politics
The China National Peoples Congress (NPC) meeting might give certain upside surprise in fiscal policy. The NPC is expected to stress on a more proactive fiscal policy in 2016 with above expected fiscal deficit recorded in...
Fitch: China RRR Cut, Credit Growth Could Lead to Bank Risks
Mar 02, 2016 03:05 am UTC| Research & Analysis Central Banks
The 50bp cut to the reserve requirement ratio (RRR) for Chinese banks on Tuesday, together with record loan growth in January, could point to an increasing likelihood that the authorities are shifting policy to enable more...
Mar 02, 2016 00:09 am UTC| Research & Analysis
Moodys Investors Service has today changed the outlook to negative from stable on Chinas government credit ratings, while affirming the Aa3 long-term senior unsecured debt, issuer ratings, and (P)Aa3 senior unsecured shelf...
Poor China's PMIs suggests monetary easing from PBoC likely to continue
Mar 01, 2016 10:40 am UTC| Commentary Economy Central Banks
Chinas central bank announced on Monday it would cut banks reserve requirement ratio, allowing banks to set aside fewer deposits which in turn encourages them to lend more. The unexpected move came one day ahead of the...
China’s subdued PMIs continue to signal weak underlying growth in Q1 and onwards
Mar 01, 2016 10:05 am UTC| Commentary
Chinas February NBS manufacturing PMI declined to 49, extending a seven-month contraction and reaching a seven-year low. The drop in PMI was mainly due to weakening of new orders, which dropped to 48.6 from 49.5, and...
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