Ep 92 - Beijing pivots toward more economic support

Back in July, when the Politburo met to discuss economic policy, officials signaled little more than incremental policy tweaks were on the horizon. But fast forward to early October, and Beijing has rolled out a slate of support measures, including a fresh debt quota for local governments, more policy bank lending, and new interest subsidies for mortgages. Dinny McMahon calls it a clear pivot – Beijing is now more concerned about the economy than it was a couple of months ago.That said, the r...