prc30 on Nostr: PBoC is once again pointing the finger at the Ministry of Finance for why #China's ...

PBoC is once again pointing the finger at the Ministry of Finance for why #China's economy continues to remain weak.

The PBoC isn't wrong, but I continue to laugh at the fact of how China has far greater independence between its monetary policy body and the fiscal policy body than that of America.

https://www.forexlive.com/centralbank/former-pboc-gov-says-china-requires-proactive-fiscal-policy-accommodative-monetary-20240906/