Reports on China See all

A pedestrian walks past the People's Bank of China (PBOC) headquarters in Beijing, China

China: Bureaucrats crack under pressure

After decades of generous monetary policy, China announced it would take a more moderate approach. But policymakers have now realized that future growth will be lower than needed, that inflation is about to rise and that a more rigorous monetary policy may be a source of tensions and possible crisis. Plans for monetary discipline have thus been shelved, with new liquidity injected.

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