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Wall Street Keeps Overestimating China's Macro Data
Market Depth
The PBOC's Market Market Operations for the Day
China's youth unemployment has been and still is directionally aligned with the Hang saying tech index through the policy lens, both upside and to the downside. The PBOC conducts conducted a seven day reverse repo operation and injected about 33 billion you want into the market. And so that leaves a net 3 billion RMB in additional liquidity injections for this one year MLF operation for the month. It's more or less like a meaningless amount right to roll over 100 billion and then add 3 billion more.
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