Bo Zhuang

Chief Economist and Director, China Research
+86 10 5960 3315

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Recent China research

* China Perspective - Korea, China, US: Edging towards Brink, Jonathan Fenby, 14 Aug 2017
* China Watch: Why the growth path will be bumpier after the Party Congress, Bo Zhuang, Jon Harrison, Trey McArver, 10 Aug 2017
* Korean crisis grows more dangerous, Jonathan Fenby, 9 Aug 2017
* China Watch: Corporate earnings recovery boosts sentiment, Bo Zhuang, Larry Brainard, Trey McArver, 3 Aug 2017
* China: Korea circle grows more vicious, Jonathan Fenby, 2 Aug 2017

See all our China research >>

What is China’s true monetary policy goal?


China’s overall credit growth began to pick up in May last year and peaked at the end of Q1/16. But total social financing (TSF) and bank loans both took a sharp dive in April. Moreover, market concern about whether Chinese policymakers have reversed the easing bias of monetary policy was fuelled by the publication in early May of an article by an “authoritative person” in the People’s Daily (see our 13 May 2016 report Brace for uncertainty as court politics play out) Both money...

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