The PBOC Moving at a Rapid Pace

The People's Bank of China is firing on all cylinders intervening in the economy in an attempt to stabilize economic growth and structural adjustment. The PBOC will add $45 billion to the Export and Import Bank of China in addition to $48 billion into the China Development Bank. Furthermore the MOF recently funded the Agricultural Development Bank of China with $16 billion worth of aid. These massive policy bank reforms are part of the "one belt one road strategy" and part of a financial system moving from policy-directed lending to market-based lending. The PBOC's overhaul reforms are evidence that China's economy is in trouble but unlike the Eurozone, China is taking aggressive action to do what it takes to reform their economy, says Voya Global Perspectives.