prc30 on Nostr: China Morning Missive Nothing at all surprising about this move, even as the chorus ...
China Morning Missive
Nothing at all surprising about this move, even as the chorus continues to call for “fiscal stimulus”. The fact that China’s central bank remains cautious on rates tells you all you need to know.
Pragmatism is the name of the game. Don’t expect any material moves to support the local economy until Beijing has a clearer understanding of what, exactly, the Trump administration wants from this trade war.
https://www.reuters.com/markets/rates-bonds/china-set-leave-lending-rates-steady-tariffs-raise-easing-bets-2025-04-18/
Nothing at all surprising about this move, even as the chorus continues to call for “fiscal stimulus”. The fact that China’s central bank remains cautious on rates tells you all you need to know.
Pragmatism is the name of the game. Don’t expect any material moves to support the local economy until Beijing has a clearer understanding of what, exactly, the Trump administration wants from this trade war.
https://www.reuters.com/markets/rates-bonds/china-set-leave-lending-rates-steady-tariffs-raise-easing-bets-2025-04-18/