23 Sep 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
China’s central bank (PBoC) has cut a seldom used policy rate, aligning it with other key rates.
On Monday, the PBoC issued RMB 74.5 billion worth of 14-day reverse repos at 1.85%, 10 bps lower than when it last sold the instrument prior to the Lunar New Year holiday in February.
ICYDK: The PBoC’s m...
September 24, 2024
China's labor market conditions are worsening. Per data from the stats bureau (NBS), released on Friday, youth unemployment excluding students rose to 18.8% in August, up from 17.1% the previous month. ICYDK: The NBS stopped publishing youth unemployment data in… Read More »
September 24, 2024
China’s fiscal decline deepened in August. General public budget revenue – the biggest chunk of government income – fell 2.8% y/y, widening from July’s decline of 1.9%. Tax receipts – which account for about 80% of public budget revenue –… Read More »
September 24, 2024
One of China’s most influential economists thinks an RMB 10 trillion stimulus package is necessary to revive the economy. In a speech on Saturday, Liu Shijin – the former deputy director at the State Council’s in-house think tank (DRC) –… Read More »