China’s “nervous economy”: The rate cut won’t solve the problem

CHINA ADVISORY - Report 02 Jul 2018 by Andrew Collier

Three events have occurred in the past several weeks that indicate China’s increasing nervousness about the state of its economy:
1) The PBOC engineered a targeted rate cut;
2) The domestic market fell more than 20 percent from its peak, and
3) An internal document warning of a “financial panic” was leaked by a top think tank.

All three events are significant indicators of China’s weakening financial position during a time of a looming trade war when China can least afford it.

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