China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?
MishTalk
DECEMBER 26, 2013
Total credit in the economy (total social financing) showed a 40 per cent rise in November over the prior month and is on course for growth this year of almost 20 per cent. The major operational problem for the PBoC is how to deploy its tools between targeting interest rates, and bringing down the rate of credit expansion.
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