A convergence of three tough measures—de-leveraging, de-stocking and de-capacitising—sees ‘3D’ economic policy the focus for 2016. Pushing e-commerce to kickstart trade and promote consumption is high on State Council’s list of New Year’s resolutions with the approval of 12 new cross-border e-commerce pilots. In mid February Zhou Xiaochuan 周小川 PBoC chairman broke six months’ silence to talk up the renminbi in the face of mounting devaluation pressures. Debt risks were once again subject to speculation.
Chinese New Year roundup: the coming of 3D policy
Chinese New Year roundup: the coming of 3D…
Chinese New Year roundup: the coming of 3D policy
A convergence of three tough measures—de-leveraging, de-stocking and de-capacitising—sees ‘3D’ economic policy the focus for 2016. Pushing e-commerce to kickstart trade and promote consumption is high on State Council’s list of New Year’s resolutions with the approval of 12 new cross-border e-commerce pilots. In mid February Zhou Xiaochuan 周小川 PBoC chairman broke six months’ silence to talk up the renminbi in the face of mounting devaluation pressures. Debt risks were once again subject to speculation.