China’s economic recovery is balance sheet constrained, Central banks call for action on biodiversity, and more

China’s economic recovery is balance sheet constrained By Nicholas Borst

The Chinese economy is beset by Covid-19 lockdowns, a housing sector correction, depressed consumer demand and weak business confidence. China’s growth targets for the year, already low by historical standards, are unlikely to be achieved. Given the scale of the economic challenges facing China, the policy response has been unexpectedly subdued.

Central banks call for action on biodiversity By OMFIF editors A strong call for accelerating action to prevent biodiversity risks adversely impacting the world economy has been sounded by the European Central Bank and the French and Dutch central banks.

MEETINGS  Macroeconomic consequences of environmental degradation with the Central Bank of Chile Wednesday 19 October, Roundtable Elias Albagli, director of the Central Bank of Chile’s monetary policy division, analyses the macroeconomic consequences of environmental degradation and discuss the bank’s research agenda.

ON DEMAND  In conversation with De Nederlandsche Bank: Nature risk and the role of central banks Saskia de Vries, head of the international financial architecture department at DNB, speaks about the role of central banks in driving nature-related risk mitigation.

LATEST REPORT SPI Journal, Autumn 2022 This edition of the SPI Journal explores the impact of biodiversity loss and nature-related risk on the financial sector. Contributors underline the urgent need to finance a nature-positive future, translating biodiversity risks into financial decision-making.