Must-Read: Gavyn Davies: China: Serious About Reflation

Must-Read: Gavyn Davies: China: Serious About Reflation: “Amid further signs of a weakening economy…

…there is no longer any doubt that a major policy easing is clicking into gear in China. For the first time since 2008, the government has accepted that the economy has hit a patch of serious trouble, and the most recent policy statement by the politburo adopts a much more urgent tone than anything that has preceded it under President Xi Jinping.