China’s August PMI, PBOC & Mortgage Rates
This week on China of Tomorrow, Liqian Ren covers China’s latest PMI data, as well as the implications of lowering mortgage rates of existing home loans, the potential impact of low fertility rate on China's economic growth, and the People’s Bank of China, or PBOC’s, focus on the stability of the yuan amidst an uncertain monetary environment. People’s Bank of China (PBOC): is the central bank of the People’s Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. Purchasing Managers’ Index (PMI): An indicator of the economic health of…
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