Much stronger-than-expected lending in March adds to the likelihood that tomorrow’s Q4 GDP figures will be reassuringly strong and signals that policy easing is starting to have an effect. Meanwhile, China’s foreign exchange reserves have hit a new high. For all the rhetoric about the renminbi being close to an “equilibrium” level, the People’s Bank continues to intervene.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services