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Are Equity Markets Starting To Price In China Risk?
Market Depth
The PBOC's Cut to the One Year and Five Year Loan Prime Rates
China and Hong Kong equity markets sell off today upon an in line minus 10 basis point LPR cut. About half of the surveyed economists were actually expecting more of a cut in the five year loan prime rate from today. The property sector is what's in most need of asymmetric fiscal monetary stimulus support.
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