prc30 on Nostr: China Morning Missive It continues to be a “wait and see” approach to the economy ...
China Morning Missive
It continues to be a “wait and see” approach to the economy here in #China.
The PBoC decided to keep key interest rates at current levels. There is still no “bazooka” fiscal stimulus (which is great to see).
Meanwhile, it is highly likely that the Beijing leadership is working overtime to get a handle on what sort of action Trump 2.0 will take next year. Moves, such as tariffs, wouldn’t come as a surprise and my outlook has been, and will remain, that China has spent the past four years doing everything possible to address all attack vectors.
What I am fairly confident is that 2025 will be a knock down, drag out fight between China and the US.
It continues to be a “wait and see” approach to the economy here in #China.
The PBoC decided to keep key interest rates at current levels. There is still no “bazooka” fiscal stimulus (which is great to see).
Meanwhile, it is highly likely that the Beijing leadership is working overtime to get a handle on what sort of action Trump 2.0 will take next year. Moves, such as tariffs, wouldn’t come as a surprise and my outlook has been, and will remain, that China has spent the past four years doing everything possible to address all attack vectors.
What I am fairly confident is that 2025 will be a knock down, drag out fight between China and the US.