Adam had the headline a few minutes ago reporting on a piece in the China Securities Journal
Mentions of change in policy in the China Securities Journal are significant. The Journal is an official mouthpiece of the Chinese government, under the umbrella of the Xinhua News Agency, reporting not just financial news and views, but on government policies.
OK, so they say the PBOC should cut the RRR.
But when?
I am expecting a cut to come prior to the lunar new year holiday (Chinese New Year). It falls on February 8 this year ... so before then.
I am not the only one saying this.
But please do note, I have no contacts in the Chinese politburo, so its an opinion not inside info. The closest I come to speaking with someone in authority on China is when I order takeaway.
