25 Jul 2023
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Beijing may be formulating a plan to deal with local government debt issues.
At Monday’s Politburo meeting, policymakers called to (Gov.cn):
“Effectively prevent and resolve local government debt risks and develop and implement a package of debt restructuring plans.”
Interest piqued: That’s the fi...
September 16, 2024
China’s central bank (PBoC) plans to further reduce borrowing costs. In a statement on Friday, the PBoC said it would: “Launch a number of incremental measures to further reduce corporate and household credit costs” Some context: Last week, the PBoC… Read More »
September 16, 2024
Credit growth in August was equal to its slowest ever pace. According to the central bank’s (PBoC) monthly credit data, released on Friday, outstanding total social financing (TSF) grew 8.1% y/y last month, down from 8.2% in July and equal… Read More »
September 16, 2024
Consumer demand is well and truly in the doldrums. That’s our takeaway from the August econ data print, released by the stats bureau (NBS) on Saturday. Retail sales grew by 2.1% y/y in August, the second slowest growth rate since… Read More »