Dr. Le Xia is Chief Economist for Asia at BBVA Research. He joined BBVA in 2010.He also serves as a research fellow in International Monetary Institute at Renmin University of China. Prior to joining BBVA Research, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). The research fields of Dr. Xia include macroeconomics in Asia economies, financial development in the Asian region and the economic integration between China and other emerging markets.He obtained his PhD from the University of Hong Kong and has a master degree from Renmin University of China.
Growth has slowed down in Q3 amid a number of headwinds, including regulatory storms, default risk of real estate giant, the electricity crunch and the authorities’ new campaign of “common prosperity” and social equality.
We analyze the motivations of the PBoC to promote CBDC, how we define it and how it is going to operate. We also discuss some special characteristics of e-CNY and its potential risks on financial stability etc.
We analyze and explain China's recent main policy initiatives and the possible misunderstandings among global investors. We also evaluate their implications on the growth outlook.