Quote: (05-09-2019 06:11 PM)Lunostrelki Wrote:
They are using some interventionist black magic to keep their stock market and housing bubble from total collapse, and preparing to lock down the countryside Great Leap Forward style in case things get really bad.
https://www.cnbc.com/2019/01/04/china-cu...lows-.html
China cuts banks' reserve ratios by 1% as economy slows
The cut in banks' reserve requirement ratios is the first in 2019 and the fifth in a year by the People's Bank of China.
The Chinese economy faces its weakest growth since the global financial crisis and mounting pressure from U.S. tariffs.