One reason to think the PBoC won't follow the Federal Reserve in hiking rates, is while the Fed will have hiked 0.75 percentage points from December to June, the Chinese market has already seen rates increase 1.25 percentage points for some time periods:
JuneX Capital Partners Launch “Founders Office“ with €100M Evergreen Fund
to Back European Entrepreneurs in Human Capital and Investment Management
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Press release
Sophia Antipolis, London, April 24rd, 2024
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