Has China’s economy turned the corner?

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WHILE investors remained obsessed with what is going on in the United States with respect to its economic data points, its yield curve, and the US Federal Reserve (Fed) decision to leave the Fed Fund Rate unchanged at 5% to 5.25%, little focus has been paid across the Pacific, and specifically, on the world’s second-largest economy.

While the Fed is likely to keep rates higher for longer, China is keeping rates low, in the absence of inflationary pressure and to support its “ailing” economy as well as due to the weakness of the property market.