Last week’s moves by the PBOC—and the market’s response—underline not just investors’ dependency on signals from a central bank that often fails to clarify its intentions but also how hard it is for China’s leaders to steer credit.
WSJ.com: What's News Asia, Wall Street Journal: What's News Asia
Sun, 06/28/2015 - 9:47pm
Last week’s moves by the PBOC—and the market’s response—underline not just investors’ dependency on signals from a central bank that often fails to clarify its intentions but also how hard it is for China’s leaders to steer credit.