China is trying to keep kicking the can down the road, but their collapsing property market, and their dropping exports due to recession, is going to put their economy in a pullback that will take years to recover from. Corporations are also pulling out of China which is reducing foreign investment, income and jobs. CCP China got greedy and over-extended itself.
via reuters:
China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the risk of more sharp yuan declines.
The People’s Bank of China (PBOC) is walking a tightrope between keeping liquidity ample to aid a struggling economy and stabilising the yuan amid expectations of “higher for longer” U.S. rates.
h/t ReturnToValue
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