China Rate Cut Hacks a Risky Path


China Rate Cut Hacks a Risky Path
Alex Frangos
The Wall Street Journal Europe
Jun 29 2015

It didn’t take much for the People’s Bank of China to blink. After Chinese stocks cratered Friday—the culmination of a 10-trading-day run that erased nearly one-fifth of the stock market’s value—China’s central bank sprang a surprise quarter-point…read more…

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