China panic jawbones crashing economy

Thursday 17 March 2022

China yesterday promised to fix all the things. While doing nothing to actually deliver it:

China’s top financial stability regulators pledged on Wednesday to take measures to maintain stability of its economy and the capital markets and shore up economic growth in the first quarter of 2022.

The State Council’s Financial Stability and Development Committee, headed by Chinese Vice Premier Liu He, held a meeting to have discussions about the economy and the capital market on Wednesday, according to the official Xinhua News Agency.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.