"As saving the economy and rescuing stock markets become politically correct, officials could jump on the bandwagon to display their loyalty," economists from Japanese bank Nomura wrote in a Wednesday note.
"Moral suasion in China has somewhat more force than elsewhere. Chinese companies live and die based on whether they are singled out as policy favorites, CEOs sometimes literally," wrote Freya Beamish and Rory Green.
"Companies could get some cheap funding from China's central bank as a 'good way for currying favor,' they wrote."},{
Collection
[
|
...
]