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Out of options and bracing for impact, Chinese authorities ready for more failure.

Eurodollar University

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Introduction

The PBOC lowered, first of all, its benchmark repo rate by 10 basis points and followed that up with a 10 basis point decrease in the MLF. The Chinese are telling you globally synchronized deflationary recession is in their future. They can see it coming but they don't know exactly what to do about it.

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