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@ChinaBeigeBook

There's no liquidity squeeze. Some borrowers squeezed = allocation. RRR cut wouldn't move the needle.

https://t.co/iIXI9FqAue

If S&P downgrade is what convinces you to "question Beijing's rhetoric" you're in the wrong line of work.

https://t.co/YPHn0wEEFg

Financial system has to be reformed before actually being opened.

https://t.co/vIQaABmKZ5

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China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.