Cavey

"It is not like interest rates can't be moved at all," said Cavey.

Inflation Remains High in China 2011

Cavey notes that more interest rate increases may not be the best option as they would see more money rush into China and put pressure on the yuan to appreciate faster.

Inflation Remains High in China 2011

Paul Cavey , China economist at Macquarie, said that the results of that tightening did not show up in the industrial output data, but were evident enough in the price of equities, which fell 27% from a peak in March to the end of the year.

China's Holes in the Road Tom Orlik 2011

"It is not like interest rates can't be moved at all," said Cavey.

Inflation Remains High in China 2011

"It is not like interest rates can't be moved at all," said Cavey.

Inflation Remains High in China 2011

Suzanne Plunkett/Reuters ECHOES: Busker Charlie Cavey played his guitar while sitting inside a trash can in Cambridge, England, Friday.

Photos of the Day: Oct. 28 2011

Paul Cavey , China economist at Macquarie, says that a large and growing number of small businesses are being forced to accept receivables—a kind of IOU—in lieu of payment for their goods.

At the World's Factory, Output Stalls Tom Orlik 2011

"China's equity markets haven't always got it right, but if they are in any sense a discounting mechanism they suggest much worse economic data to come," said Paul Cavey, China economist for Macquarie.

China's Growth Engine Declines Tom Orlik 2012

Paul Cavey , China economist at Macquarie, said that the results of that tightening did not show up in the industrial output data, but were evident enough in the price of equities, which fell 27% from a peak in March to the end of the year.

China's Holes in the Road Tom Orlik 2011

Cavey notes that more interest rate increases may not be the best option as they would see more money rush into China and put pressure on the yuan to appreciate faster.

Inflation Remains High in China 2011