Passing the buck
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
In its Q2 Monetary Policy Report, the PBoC promised to support domestic demand, but ruled out stimulating a surge in lending.
The PBoC said it would:
“Enhance the stability and sustainability of the growth of total credit”
Meanwhile, the PBoC will support demand by:
Guiding financial institutions...