Why Do China Bulls Keep Getting It Wrong?

Quick Summary:

Viewing the Chinese government through a prism of exceptionalism makes it hard for China bulls to imagine that the authorities might be unpredictable, capricious, and often wrong.

But when the PBOC did a volte face and unleashed China’s version of a monetary stimulus that included unprecedented measures to boost domestic equities, China bulls immediately applauded the moves even though intellectual integrity required the opposite.

In the (new) narrative of China bulls, the problems the Chinese economy has been struggling with the last two years – deflation, decline in asset prices, deleveraging, falling corporate profits – were not sacrifices in vain.

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Article Details

Author / Journalist: Donald Low

Category: Economy

Markets: United StatesChinaHong KongMarshall IslandsMyanmarSri Lanka

Topics: Economy Chinese Stock Stimulus Real China’s Authorities Bulls Market China Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 21:56:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3070 words

Reading Time: 18 minutes read

Sentences: 118 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 22998159

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