Nomura: Expect China's Economy To Slow Even Further In H2

Nomura: Expect China’s Economy To Slow In H2 While Brexit has been grabbing headlines across the world for much of the past two weeks, economic developments in China have gone relatively unnoticed. Chinese policymakers continue to drive the country’s economic rebalancing. As Reuters reports, citing people with knowledge of the matter, China’s central bank is now willing to let the yuan fall to 6.8 per dollar in 2016 to support the country’s economy, which would mean the currency matching last year’s record decline of 4.5%. China Debt Bubble A Math Problem Without an Answer: Chu … Elsewhere, China’s M1 growth…