Econ and Finance - 15 Jun 2017

Welcome to the new new normal for Chinese debt

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We hate the phrase “new normal”. But Chinese policymakers love it.

Our main criticism is that China’s economy is changing rapidly. So nothing is ever truly static enough to be called “normal.”

The latest “new normal” is in money and credit growth, according to the PBoC. Specifically, the...

Snuh-ohez.

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