How Xi Jinping can surprise world with big-bang moves
Thursday, 11 July 2024 () China has the means to resolve its housing crisis through significant monetary intervention, similar to the Federal Reserve's actions during the global financial crisis. Bloomberg Economics suggests that if the Peopleβs Bank of China (PBOC) printed enough money, it could cover around 70% of the unsold property stock. However, this "big-bang solution" would likely cause substantial collateral damage, making it an improbable choice for Beijing.
Thursday, 11 July 2024 ()
