China Central Banker Calls For Direct Money Transfers To Households \ stacker news ~econ

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China Central Banker Calls For Direct Money Transfers To Households www.zerohedge.com/economics/beijing-helicopter-taking-china-central-banker-calls-direct-money-transfers-households

710 sats \ 21 comments \ @siggy47 3 Aug econ

Ben Bernanke would be impressed.

Huang said both the central bank and the Finance Ministry were trying to preserve future policy space, but what are they waiting for when the country desperately needs to reboot its economy here and now, and waiting too long threatens the very stability of the social fabric. Too conservative measures could threaten longer-term economic stability, he added.

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96 sats \ 2 replies \ @grayruby 3 Aug

We went from QT to central banks are going to print to infinity pretty quickly.

52 sats \ 1 reply \ @siggy47 OP 3 Aug

Watch Japan back to zirp in no time.

43 sats \ 0 replies \ @grayruby 3 Aug

Next week.

86 sats \ 0 replies \ @TheMorningStar 3 Aug

https://m.stacker.news/43130

67 sats \ 0 replies \ @Coinsreporter 3 Aug

the world's second largest economy (soon to be overtaken by India's economy just as it recently lost the crown for most populous nation) simply has too much debt

Taking over China's population was much easier than taking over the economy.

https://m.stacker.news/43128

43 sats \ 0 replies \ @chungkingexpress 3 Aug

Hook it up to my veins Xi.

43 sats \ 0 replies \ @Undisciplined 3 Aug

There’s no better recipe for rampant consumer price inflation.

43 sats \ 6 replies \ @Satosora 3 Aug

I always feel China errors on the side of being too conservative.

20 sats \ 5 replies \ @siggy47 OP 3 Aug

This would be pretty dramatic.

43 sats \ 4 replies \ @Satosora 3 Aug

In what way?

20 sats \ 3 replies \ @siggy47 OP 3 Aug

Well, maybe I should first ask you what you meant by conservative in this context? If you meant they don't do enough, directly giving people money is pretty radical.

43 sats \ 2 replies \ @Satosora 3 Aug

I can never see China actually handing money to its citizens. Has that ever happened before?

20 sats \ 1 reply \ @siggy47 OP 3 Aug

I don't think so. If they are even considering it, things must really be bad.

43 sats \ 0 replies \ @Satosora 3 Aug

I think they are very conservative with their money policies. They only like helping the companies that are tied to the CCP, right? All the other companies can go bankrupt in their eyes.

43 sats \ 0 replies \ @jerrybature 4 Aug

Fastest means to destroy a nation.

43 sats \ 0 replies \ @Satoshi__Nakamoto 3 Aug

It would be threat for China

0 sats \ 0 replies \ @DawnoftheDead 3 Aug

At this point who is winning?

0 sats \ 1 reply \ @sangekrypto 3 Aug

Why is China suddenly experiencing economic problems, even though it accepts workers from abroad, and why is there so much unemployment there? Was there any impact from yesterday's virus?

0 sats \ 0 replies \ @d1 3 Aug

I think it's not sudden but was baked into the cake and the repercussions are still somewhat ongoing. Partly a problem with relying on misguided metrics, like GDP per capita or targeting an annual growth rate.

This contingency on imports/exports is a factor of both domestic and global consumer spending. Partly to blame is how the growth model, massive infrastructure spending and overcapacity in certain sectors clash with changing market dynamics.

I'd imagine some of this is a loss of momentum. Economic growth through 2008 was still riding on the stimulus and easing. Drying up of the Cantillian effect?

Not sure if it's similar with other residential/retail property markets, much personal savings/assets is tied up in property, more so than liquid assets. Then the tranche of debt at municipal and regional levels which varies in its size proportionate to the economy.

Maybe the larger proportion of value in realty buffers the economy from contagion when indices puke or under-perform.

0 sats \ 0 replies \ @cointastical 3 Aug

Laugh it up now, chuckles.

But tomorrow this is coming to your country too.

Notice that I didn't ask what is your country? That's because it is coming to all countries.

0 sats \ 0 replies \ @77edb424fc 3 Aug outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.