Is China Close to Rebalancing Its Economy?

China’s money market is showing increasing signs of a shortage of cash, with interest-rate swaps climbing to a six-month high and banks paying higher interest to obtain government funds. Short-term borrowing costs have failed to come down after the week-long National Day holidays ended Oct. 7 as the central bank’s efforts to curb leverage -- including extending the tenor of lending tools -- indicated that it wants to strengthen control of interbank liquidity. Communist Party leaders are gathering in Beijing this week for a full meeting of the party’s Central Committee, or plenum, a key forum for securing broader support for policy moves. Commerzbank Global Equities Economist Peter Dixon discusses with Mark Barton on "Bloomberg Surveillance."

DIW's Fratzscher Says Surprise Is How Much CDU Lost
33:04 - Marcel Fratzscher, president and chief executive officer of DIW Berlin, weighs in on the German election exit poll results. He speaks on "Germany Decides." (Source: Bloomberg)
  • SPD Set to Win 20.8% in German Election: ZDF
  • Merkel's Party Defeats SPD to Win German Election: Poll
  • How German Elections May Impact Macron's Proposals