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The region is undergoing a fragile transition that is likely to lead to further easing of monetary conditions.
The effects of policy easing are only likely to be felt toward the end of our cyclical horizon.
To borrow a phrase from the vernacular of American football, central bankers have taken the ball about as far down the gridiron as they can.
The ability of central banks to sustainably reflate the economies of the developed world remains very uncertain.
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Portfolio Manager, Emerging Markets
Mr. Meng is a senior vice president and emerging markets portfolio manager in the Hong Kong office. He focuses on macroeconomic and financial analysis of China and regional linkages integral to portfolio strategy. Prior to joining PIMCO in 2011, he was with BNP Paribas in Beijing for nine years, most recently as senior financial economist and director of China macro analysis and strategy. Mr. Meng previously worked at the Atlanta-based commodities trading firm Mirant, where he structured and traded energy derivatives. He also worked in fixed income sales covering Chinese financial institutions at Bank of Montreal and began his career as a foreign exchange trader with the Bank of China. He has 19 years of investment and financial services experience and holds an MBA from the Graduate School of Business at the University of Texas at Austin. He received a bachelor's degree in international politics from the Foreign Affairs College in Beijing.