Wei Yao is chief Asia-Pacific economist at Societe Generale in Hong Kong. Michelle Lam is greater China economist at the bank.
Odd as it may sound, the People's Bank of China is taking a rather hawkish policy stance.
Opinion
Xi Jinping Thought explains curious stance of China's central bank
PBOC is constrained from significant policy loosening by leadership's priorities
The headquarters of the People's Bank of China in Beijing. © AP
Read Next
Latest on Opinion
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
