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Beijing’s Loose Monetary Policy Fails to Boost China’s Economy

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News Analysis
The People’s Bank of China (PBOC) recently published that the amount of private financing declined in December 2022, which is lower than market predictions.
The decline in personal loans and the increase in individual deposits year-over-year was continued. Both the growth curves for money supply categories M1 or M2 show a declining trend. As a result, there is an increasing discrepancy between M1 (and M2) as indicated by price scissors.
This was

the expansionary monetary policy for 2022. Experts claimed that the loose monetary policy did not allow for expansionary credit. This means that private finance and consumer consumption did not increase as expected. However, officials from the Chinese Communist Party (CCP), have tried various ways to ensure liquidity. However, pump-priming appears to have not had an effect on economic growth



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