Has the adjustment time for China’s economy arrived?
The adjustment is serious and is a reaction to the eruption of China’s triple bubble: credit, real estate and stock markets.
The adjustment is serious and is a reaction to the eruption of China’s triple bubble: credit, real estate and stock markets.
Some experts explain what to expect from CNY in the months ahead.
China’s unexpected decision to devaluate its currency triggers uncertainty in the markets.
China’s move to weaken its currency by a record 1.9% comes in the wake of poor trade data
BEIJING | July 2, 2015 | By Xu Gao via Caixin | Moves by the Chinese central bank (PBOC) indicate that it is paying close attention to margin trading and the commitment that banks have made to the bourse.
By Jian Chang (Barclays) | The PBoC announced after the market close on Friday it was lowering the benchmark interest rates, effective 22 November 2014. The cut will be asymmetric, with the 1y lending rate down by 40bp to 5.6% and the 1y deposit rate down by 25bp to 2.75% (Figures 1 and 2). Meanwhile, the central bank further advanced its interest rate liberalization agenda. Banks can offer deposit rates at 20% above the benchmark rate, up from 10% currently (the upward flexibility was first introduced in June 2012, also along with a 25bp cut in the deposit rate). The bank also removed the benchmark guidance for the 5y savings rate.