One reason to think the PBoC won't follow the Federal Reserve in hiking rates, is while the Fed will have hiked 0.75 percentage points from December to June, the Chinese market has already seen rates increase 1.25 percentage points for some time periods:
Inflation Adjusted House Prices 2.4% Below Peak; Price-to-rent index is
7.5% below 2022 peak
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Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted
House Prices 2.4% Below Peak
Excerpt:
It has been over 17 years since the bubble...
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