In today’s briefing:
- CX Daily: Balancing China’s Development With Need for Food Production
- CX Daily: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices
- Turkish Lira Takes the Helm as the Worst-Performing EM Currency
CX Daily: Balancing China’s Development With Need for Food Production
Cover Story: Balancing China’s development with need for food production
Beijing drops more Covid rules as outbreak declared ‘under control’
China’s services activity shrinks a little less severely, Caixin PMI shows
CX Daily: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices
Caixin Explains: Why newly listed Chinese stocks fall below their IPO prices
Court ruling triggers debate on assisted reproductive rights of single women
China’s polluting industries allowed to issue bonds to fund low-carbon transition
Turkish Lira Takes the Helm as the Worst-Performing EM Currency
- The Turkish lira has become the worst-performing currency this year as the central bank is holding the policy rate steady despite sharply accelerating inflation, leading to highly negative real rates.
- The lira is effectively in a vicious cycle: weakening currency adds to inflationary pressures, which with the central bank on hold means real rates become more negative, hurting the currency.
- High inflation is also weighing on the economic outlook, which combined with worsening current account and fiscal deficits and depleting international reserves, is adding to the depreciation pressure.
Before it’s here, it’s on Smartkarma
