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Too Early to Breathe Easy

Conditions can become much worse in China’s economy and financial markets. As a result, it is far too early to expect a rebound in China-related risk assets. Beijing’s regulatory tightening campaign appears to be intensifying rather than stopping, and the financial consequences of this year’s slowdown in credit growth and pressure on the property sector still loom. The PBOC will need to deliver far more monetary easing before confidence in stabilization or an economic rebound can build.

Posted September 9, 2021
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