Has China’s ‘stealth QE’ fixed the economy?

At the beginning of the year, the financial world’s attention was fixated on China and the country’s response to slowing economic growth and pressure from speculators on the renminbi.

Six months on and a lot has changed.

The financial world is now obsessed with the US Federal Reserve, trying to guess when the next interest rate hike will fall. And while Wall Street’s attention has been focused on what could arguably be called the world’s most influential central bank, China’s central bank, the People’s Bank of China has been active in its way.

Has China's 'stealth QE' fixed the economy?

As the Fed has begun to tighten monetary policy, the PBoC seems to...