Jun 20, 2013
Flash: Risks of systemic financial crisis in China have risen - Nomura
The unresponsive stance by the PBoC refusing to intervene on China's interbank liquidity following the latest credit developments is a sign, according to Nomura Economists Zhiwei Zhang and Wendy Chenthat the the PBoC wants to signal its policy tightening and will tolerate individual defaults to contain wider financial risks.
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