A drop in the ocean
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Chinese household bank deposits are finally falling – but the decline isn't translating into consumption.
On Thursday, the latest central bank (PBoC) data showed they dropped by RMB 1.2 trillion in April.
That's the largest monthly decline since August 2021.
Some context: In 2022, household deposi...