Analysis, data & forecasts on every country across the region

Economy / China

Exit The Dragon

January 2010 | Economic Analysis

The People's Bank Of China (PBOC) raised the rate at which it sells one-year bills in its open market operation on January 11 by 8 basis points (bps) to 1.8434%, backing up the 4bps rise in the 3-month bill seen on January 7. We believe that these measures are aimed at taking some steam out of the property market as higher interbank interest rates should help increase the opportunity cost for banks to engage in real estate market loans. Given our view that the real estate market is in bubble territory

To read the full article, please choose one of the following options:

Subcribers please log in

Related Monitor Articles
More Hikes To Come, H210 Slowdown Still On

Economy / China BMI View: After January's total loans came in much higher than expected, the People's Bank Of China (PBoC) announced on February 12 that it would hike banking sector reserve requirement ratios (RRR)...
February 2010
Organised Crime Poses Major Challenge

Economy / China Organised crime is posing a growing challenge for the Chinese government. Gangsterism is becoming increasingly rife, and criminal groups are said to be spreading their influence into municipal and provincial...
February 2010
Macroeconomic Forecast China

Economy / China China's real GDP growth came in at 10.7% y-o-y in Q409, the fastest pace since Q407, as fixed investment continued to boom and consumer spending growth accelerated. These factors made up for the negative...
February 2010
Addressing The Savings Imbalance

Economy / China While we are pencilling in gradual appreciation of the Chinese yuan over the coming years, there is a growing risk that the authorities could choose to keep the exchange rate fixed, which would see rising...
January 2010
Red Hot Expansion Set To Cool

Economy / China Despite China's stronger-than-expected 2009 real GDP growth figure of 8.7%, and the breakneck 10.7% y-o-y Q409 outturn, we continue to see a slowdown in H210 as the heavy engineering and property sectors...
January 2010
China & North East Asia MonitorChina & North East Asia Channels China & North East Asia Countries


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2012 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS