China central bank buys net 50 billion yuan of sovereign bonds in July - TradingView
China central bank buys net 50 billion yuan of sovereign bonds in July - TradingView
Source: TradingView
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DW NOTE
The PBOC bought ¥50 billion in sovereign bonds in July — direct monetisation dressed up as "liquidity management." Beijing is now funding its deficit the same way Tokyo has for three decades, with the same excuse: temporary measures to support market functioning. China's local government debt alone exceeds ¥40 trillion. The word "temporary" is doing a lot of work.