China might be slowing more than people realize, Michael Pettis says. In Q4 the PBoC said it believed the global economic recovery would continue and that stabilizing prices was its top priority. But at a conference this week, the PBoC questioned the stability of the global recovery, and shifted its focus to "managing liquidity efficiently."
China might be slowing more than people realize, Michael Pettis says. In Q4 the PBoC said it...
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