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

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Chinese Vice-President Wang Qishan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2019. Photo: Reuters
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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

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Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters
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