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Michael Pettis
michaelxpettis
The PBoC is slowly and hesitantly cutting lending rates – much more slowly than in the rest of the world, so in relative terms they are rising – and is
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Michael Pettis
michaelxpettis
1/7Because RMB is a managed currency, whether or not it rises depends on the PBoC, but if rising expectations cause significant continued inflow into RMB, there are basically three ways,
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Khoon Goh
Khoon_Goh
1/3 #PBOC reduces reserve requirement for forwards to 0%. Last time it was reduced to 0% was in Sept 17, which saw #CNY weaken for the next month and a
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Michael Pettis
michaelxpettis
1/9This is going to be a very technical tweet for debt geeks. According to last week’s PBoC release, China’s debt-to-GDP ratio declined during the first quarter of this year by
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Michael Pettis
michaelxpettis
1/4The author says that "since 2015, the central bank has allowed the currency to trade more freely. The PBoC’s shift has enabled the renminbi to undertake the same signalling role
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Brad Setser
Brad_Setser
My "shadow intervention" alarm bells are starting to go off --Something is happening in China. The July trade surplus (goods) was $60b. Per my @ExanteData friends (in market
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Matthew Graham
mattysino
DCEP thread in advance of our 10 AM EST Twitter AMA 1) A DCEP wallet application from a test that included the Agricultural Bank of China was inadvertently published. It’s
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molly
molllliy
First glance of DC/EP Can be send/receive when both party are offline Already verify, it’s legit, also it fits the description of DC/EP by PBOC , think more news coverage
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Michael Pettis
michaelxpettis
1/10The fierce debate continues in Beijing between those who are more worried by rising debt and those more worried by slowing growth. Among the former, two weeks ago Lou Jiwei
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𝙼𝙰𝚂𝚂 𝙴𝚡𝚙𝚎𝚍𝚒𝚝𝚒𝚘𝚗
MASSExpedition
L̶a̶s̶t̶ ̶y̶e̶a̶r̶ Two years ago, my colleagues and I stood before our peers, faculty, & investors, lecturing on dangers an expansionist CCP posed to the world.These threats have exponentially increased
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Michael Pettis
michaelxpettis
Russia may be doing this mainly to protect itself from US control of the dollar financial system, but the irony here is that Russia probably thinks that cutting the dollar
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FreeMarketsBatman.eth🦇
BatmanDeFi
Bullish buy pressure building up on @gate_io after @pchain_org announced $PI buy back program from commercial child chain (CCC) partners including Chinese car maker giant @Gac_Motor, Public Bank of
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Adam Townsend
adamscrabble
Thread on Chinese Currency Manipulation. You're going to like this. I had a question for my analysts, what does it mean "China is manipulating its currency?" I've distilled their answer.
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Dan Alpert
DanielAlpert
IMPORTANT THREAD RE: CHINA 1/nBack in March, near the beginning of the US lockdown, I warned those predicting a US economic "supply shock," stemming the fall in exports by China
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Michael Pettis
michaelxpettis
1/5Here we go again. I am not sure how credible a source Global Times is, but for Beijing selling US Treasuries isn’t the hard part. The hard part is what
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Juan Gutiérrez
anatocismos
1/11 Cœuré (11:00): The private sector is ahead of CBs in the new ecosystem of payments and currency. CBs need to continue to provide monetary and financial stability, they need
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