prc30 on Nostr: Rare? Not so sure about that. The PBoC and MOF have a long history of finger pointing ...
Rare? Not so sure about that. The PBoC and MOF have a long history of finger pointing at times when macro conditions in China aren’t moving in the desired direction.
It is ironic, too, that China – what we are told is a communist bastion – is where you will find a genuine separation of powers between monetary and fiscal policy.
I think we can all agree that Yellen has Powell on speed dial.
https://www.bloomberg.com/news/articles/2024-08-02/pboc-adviser-issues-rare-criticism-of-china-s-economic-policies?srnd=homepage-americas&sref=lgMFFI0d
It is ironic, too, that China – what we are told is a communist bastion – is where you will find a genuine separation of powers between monetary and fiscal policy.
I think we can all agree that Yellen has Powell on speed dial.
https://www.bloomberg.com/news/articles/2024-08-02/pboc-adviser-issues-rare-criticism-of-china-s-economic-policies?srnd=homepage-americas&sref=lgMFFI0d