How can we help?

To learn more about our services get in touch on +44 20 7246 7800 or sales@trustedsources.co.uk.

Recent China research

* China Watch: Q3 GDP, Party Congress and the IMF annual meetings, Michelle Lam, Jonathan Fenby, Larry Brainard, 19 Oct 2017
* China Perspective: Communist Party Congress - What Xi’s new era means, Jonathan Fenby, 18 Oct 2017
* China Perspective: Communist Party Congress - The flaws in Xi’s world order, Jonathan Fenby, 16 Oct 2017
* China Watch: Pressure on housing sales to grow, Bo Zhuang, Jonathan Fenby, Jon Harrison, 12 Oct 2017
* China Perspective: Communist Party Congress - All Xi’s men, Trey McArver, 10 Oct 2017

See all our China research >>

China’s monetary muddle

Overview

The recent rise in Chinese inflation has turned real interest rates on deposits strongly negative, spurring an exodus of household deposits from banks. Although nominal deposit rates have been pushed up by a total 135 bps so far this year, the rise in inflation has far outstripped these hikes. Rather than raise deposit rates more aggressively, the People’s Bank of China is rolling out a series of administrative measures to deflate an expanding domestic liquidity bubble. These...

* Access to this publication is restricted

Request access

If you would like to read this publication, please enter your name and email address below:

Alternatively please call us on +44 20 7183 5280, or email sales@trustedsources.co.uk.

Already registered?