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Nathaniel Taplin Profile picture
Nathaniel Taplin
@nate_taplin
China columnist + Asia Editor of @WSJHeard at @WSJ. 华尔街日报中国专栏作家. Formerly Dragonomics Beijing, Reuters Shanghai, WSJ HK. Opinions mine alone.
Jan 29, 2019 • 4 tweets • 2 min read
(1) China's gummed-up monetary policy transmission in 3 charts.

If they can't fix this, outlook for 2019 is pretty bad.

#PBOC cuts to banks' reserve requirement ratio (RRR) successfully pushes financial system liquidity back higher... (2) ...but shadow banking crackdown means very little of this is making it into real lending, unlike in previous easing cycles

wsj.com/articles/china…