By 2008 as a result of years of intervention to hold e.r. down, the balance sheet of China’s PBoC had swollen to 70% of GDP. Today it is down to 35%. Its reaction to 2020 shock has been very modest. If intervention happening it is off the books.
economist.com/finance-and-ec… https://t.co/bQCsHq2zyW
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…