and we have been wishing and wanting for a long time to see evidence within the numbers and it's just not there. The support for SMEs, the credit support for SMEs is just not there. The types of changes, structural changes that need to be made in order to create a state that provides better elderly care, better support for child care. A lot of the rules have to change around their local IDs and such, residency requirements, more importantly, none of that is taking place. So I wouldn't pay too much attention and I certainly have not paid too much attention to the latest batch of pledges that have come out of Beijing. But we'll see if they're finally ready to make the changes, it'll show up in the data first and that's the place to look. So we know what's happened to U.S. equities as a result of enter the U.S. dollar as a result of the last few months. What has been the impact on Chinese equities and the Chinese renminbi? So the Chinese Yuan is most certainly beginning to weaken. It has (20/45)
You are viewing a single comment's thread from: