DB: China Is Finally Starting To Control Credit Growth

“We believe the People’s Bank of China will continue its efforts on reducing financial risks with more rounds of mini rate hikes this year” that’s the key takeaway from a Deutsche Bank special report on the state of China’s economy. The report, which was compiled by Deutsche Bank chief economist Zhiwei Zhang, Ph.D. concentrates on the PBoC’s decision to carry out a round of mini rate hikes in mid-March, reversing the central bank’s previous dovish stance. DB: China Is making progress on credit growth During March, the PBoC hiked its lending facility and reverse repo rates, a move which Deutsche…