Not Enough Help on the Way

Even though additional monetary easing steps are probable, the overall volume of policy support from Chinese authorities for the rest of 2019 appears insufficient to counter key economic headwinds: tightening measures on the property sector, slowing credit growth from smaller banks after Baoshang Bank’s takeover, and the continued pressure from the trade war. Activity growth appears set to weaken in the coming months.

Posted September 16, 2019
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