Economics
Rest Assured. China Has Its Economy's Back
- Government bond yields have surged along with 7-day repo rate
- Mizuho says monetary tightening probably won’t derail economy
Reasons the PBOC Is Strengthening the Yuan
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The People’s Bank of China has surprised many with its tolerance for market pain as it squeezes leverage in parts of the financial system.
But rest assured, China won’t clamp down so hard it endangers President Xi Jinping’s goal of keeping growth above 6.5 percent, according to economists from Morgan Stanley, Mizuho Securities and Oxford Economics.