54 sats \ 5 replies \ @TomK OP 27 Jun \ parent \ on: China: Industrial Profits Rising, Real Estate Bubble To Be Inflated Again econ
you mean in the political leadership or structurally or in terms of monetary policy? i haven't noticed much except for the change in real estate policy
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42 sats \ 4 replies \ @siggy47 27 Jun
I'll see if I can find it.
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54 sats \ 3 replies \ @TomK OP 27 Jun
Perfect. Thank You
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42 sats \ 2 replies \ @siggy47 27 Jun
Here it is: https://www.wsj.com/economy/central-banking/chinas-central-bank-hints-at-major-policy-shift-1b175730?mod=RSSMSN
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54 sats \ 0 replies \ @TomK OP 27 Jun
I have just found some information on statistics on the liquidity cycle of the Chinese. it is based on a 6-month rhythm, which may be quite interesting
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54 sats \ 0 replies \ @TomK OP 27 Jun
yes, thank you for the article. with regard to bond trading, i have to say that it has been noticeable for some time that the central bank in China is moving larger volumes here, solely out of the problem of securing liquidity in the banking sector. this is now becoming official, but we have already seen this in the markets. as far as interest rate policy is concerned, this seems to be a reaction to the introduction of SOFR in the USA. in September Libor expires in London and i could imagine that the Chinese are copying the principle of nationalizing the interbanking market from America??
In any case, central banking seems to be focusing on establishing rapid credit facilities and reaction patterns in the face of rising government debt, which react more quickly to liquidity bottlenecks than was the case in the past.
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