Scaffolding netting damaged by Typhoon In-Fa shrouds buildings at a residential development under construction in Shanghai on July 29. Chinese policymakers are walking a tightrope as they seek to balance the need to rein in leverage in the property sector with the fallout of the near-collapse of China Evergrande Group and other developers. Photo: Bloomberg
Opinion
Opinion
Macroscope
Will looser Chinese monetary policy save the day? Don’t hold your breath
- Not only are investors reading too much into recent signals from Beijing, they are also overestimating the policy divergence between the People’s Bank of China and the Federal Reserve
Scaffolding netting damaged by Typhoon In-Fa shrouds buildings at a residential development under construction in Shanghai on July 29. Chinese policymakers are walking a tightrope as they seek to balance the need to rein in leverage in the property sector with the fallout of the near-collapse of China Evergrande Group and other developers. Photo: Bloomberg
