Financial Work Conference and Macro Data Suggest China is Moving in the Right Direction… But Will the Reforms be Enough?
July 17, 2017
China released a few monetary and fiscal indicators last week that bear consideration. M2 growth hit record lows while New Yuan Loans, fiscal income, and fiscal expenditure all increased. We explain some of the inherent contradictions in the attached note, as well as overview the weekend’s Financial Work Conference, which convenes every five years. On the docket this year? Regulatory reform. For those seeking one easy visual that explains why China’s regulatory system needs reworking, this diagram does the trick.
Topics covered: China’s M2 Growth, Financial Work Conference, Fiscal Income Growth, Anti-Corruption
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