Chinese Vice-President Wang Qishan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2019. Photo: Reuters
China bulls echo Wang Qishan’s view from Davos: the economy is fine
- China has just reported its slowest annual growth in nearly three decades, but some analysts are still confident that the economy is not close to tanking
- Some analysts remain bullish on consumption, but their voices are drowned out by widespread pessimism
Topic |
China economy
Chinese Vice-President Wang Qishan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2019. Photo: Reuters
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters
China’s central bank just moved one step closer to flinging open the floodgates of stimulus
- This will allow holders to swap commercial bank perpetual debt for central bank bills
- A PBOC statement said this will “increase the financing support for the real economy”
Topic |
China economy
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters