Money is flooding the market?
Xi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatus
President Xi has told China’s financial cadres that active monetary policy toolkit must include a controversial means of injecting liquidity into the economyEconomist says PBOC has not bought treasury bonds for years because monetary authorities did not want to fuel market speculation of a major stimulus
It appears to be just a matter of time before China’s central bank pulls out a controversial monetary policy tool that it has not used in more than two decades, following newly publicised instructions from President Xi Jinping.
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Thelord : Wow this would be good news