China’s yuan has plunged 9 per cent against the US dollar in a little less than three months. Photo: Kyodo
The View by Nicholas Spiro
China’s monetary easing supercharges its bond market but leaves harder questions about its economy unanswered
Nicholas Spiro says the decline in China’s currency and the inconsistency in its equities market indicate limited investor confidence in Beijing’s stimulus measures and leave its main dilemma – stimulating the economy even as it deleverages – unresolved
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.