Much of the focus in the coming days will be on the senior government appointments that will be confirmed at the National People’s Congress that starts in just over a week, including for the PBOC. We now think the new leadership there is unlikely to see a case for further rate cuts as the economy appears already to be recovering well and new financial stability concerns have emerged linked to the pre-payment of mortgages.
Global Drop-In (28th Feb.): What’s the long-term outlook for productivity and economic growth? Which countries will succeed and which will falter in the coming decades? How will increasing US-China competition shape economic and market outcomes? Join this special briefing on the long run outlook on Tuesday, 28th February at 10:00 EST/15:00 GMT. Register Now.
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