Off another 0.5% overnight even as the PBOC reportedly eased cash-crunch concerns for the...

|By:, SA News Editor

Off another 0.5% overnight even as the PBOC reportedly eased cash-crunch concerns for the banking system, stocks in Shanghai (FXI, CAF) fell 4.1% on the week and are off 11% thus far this month. "Balancing growth would be achieved easier by boosting consumption, not by restricting credit," says Credit Agricole's Dariusz Kowalczyk, expecting more steps to ease liquidity for lenders.