China Needs Tighter Monetary Policy, State Research Agency Says

The narratives of the last few months leave me not expecting a lot from China. Not long ago 7.5% growth was described as a ‘hard landing’ and it probably still means same.

The out of paradigm western educated kids are probably now well entrenched and we all know what that means.

China Headlines:

China Needs Tighter Monetary Policy, State Research Agency Says

Tells me they have serious inflation/corruption issues.

More Chinese cities ready for property tax pilots

Property taxes, functionally, are price increases, so while they keep headline prices and credit expansion in check, they don’t help affordability.

PBOC continues to drain liquidity from banks

Just offsetting operating factors to sustain rate targets.

China to tighten shadow banking rules

Worried about consumer fraud, corruption, and maybe inflation.