Summary:
[unable to retrieve full-text content]China has started to ease up on the emergency monetary measures it used to support its economy in response to the coronavirus outbreak, according to analysts.Having avoided a recession with a stronger-than-expected economic rebound in the second quarter, and with concerns looming of creating excess debt and financial bubbles, pundits say Beijing sees less of a need for extra cheap money.But it is too early, they speculate, for the People’s Bank of China (PBOC), China’s central bank, to abandon…
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[unable to retrieve full-text content][unable to retrieve full-text content]China has started to ease up on the emergency monetary measures it used to support its economy in response to the coronavirus outbreak, according to analysts.Having avoided a recession with a stronger-than-expected economic rebound in the second quarter, and with concerns looming of creating excess debt and financial bubbles, pundits say Beijing sees less of a need for extra cheap money.But it is too early, they speculate, for the People’s Bank of China (PBOC), China’s central bank, to abandon…
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Tyler Durden writes Daily Briefing – August 4, 2020
China has started to ease up on the emergency monetary measures it used to support its economy in response to the coronavirus outbreak, according to analysts.Having avoided a recession with a stronger-than-expected economic rebound in the second quarter, and with concerns looming of creating excess debt and financial bubbles, pundits say Beijing sees less of a need for extra cheap money.But it is too early, they speculate, for the People’s Bank of China (PBOC), China’s central bank, to abandon…