China’s Double-Edged Sword Fells Asia Trade – Barron’s

11 months ago Comments Off on China’s Double-Edged Sword Fells Asia Trade – Barron’s

Beijing has launched a new assault this week against economic defeatism, signaling more infrastructure spending and lower constraints on lending, all while bumping its currency up a notch to comfort constituents and confound critics betting Beijing will inevitably have to devalue.

Just to demonstrate its resolve, officials released data showing that banks did their patriotic duty in January by issuing a record 2.51 trillion yuan of…

China’s Double-Edged Sword Fells Asia Trade – Barron’s}

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