Two years since some cases of severe pneumonia started to draw attention in Wuhan, China is facing a convergence of economic headwinds. The PBOC is treading very carefully but with the leadership calling for policy support to be stepped up, we think it may still offer a surprise policy rate cut next week. – This will be the last Economics Weekly for 2021. The next Weekly will be sent on Friday 7th Jan. 2022 –
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