China and the yuan have become hot topics in the financial world over the past 12 months as the country tries to rebalance its economy and devalue the yuan to help domestic consumers.
The world is also closely watching the actions of China’s financial policymakers as the country grapples with a mountain of legacy debt built up over the past decade.
China Debt Situation Gets Worse And Other EMs Start To Struggle
The Peoples Bank of China second-quarter monetary policy report released last weekend failed to bag any more color to the PBOC policy stance to legacy debt, but it did contain a warning on the depreciation impact of Reserve Ratio Requirement cuts on the CNY. The report also mentioned concerns...
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