The deleveraging of the Chinese economy has always seemed likely to be a long and troublesome saga, lasting many years or even decades if it is to prove successful. The latest episode involves a sudden collapse in domestic “A” shares, which have dropped by 19 per cent in less than a fortnight, and have triggered what has been widely described as an “emergency” easing in monetary policy this weekend.
中國(guó)經(jīng)濟(jì)的去杠桿化一直似乎會(huì)是一個(gè)漫長(zhǎng)而麻煩的故事,將持續(xù)許多年甚至數(shù)十年才能被證明取得成功。最近的一個(gè)章節(jié)涉及國(guó)內(nèi)A股突然暴跌,在不到兩周時(shí)間里下跌了19%,并催生了上周末被廣泛形容為“緊急行動(dòng)”的貨幣政策放松舉措。
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