Is China's Favorable PMI Data Sustainable?

The transcript discusses whether current economic data indicates a trend, focusing on China's economic indicators, including PMI and the steel sector. It examines the PBOC's monetary policy response to these indicators, highlighting liquidity restrictions and the impact on the corporate bond market. The discussion then shifts to credit risk and debt repricing in China, noting the historical mispricing of credit risk and the current market corrections. Finally, the transcript analyzes the upcoming RBA decision in Australia, considering low inflation and the potential for monetary easing.

Why might rising yields on onshore debt be a concern for the Chinese economy?

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What arguments can be made against monetary easing in Australia given the current economic conditions?

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