Former Chairman of Morgan Stanley Asia Stephen Roach: China’s Monetary-Policy Surprise

–    In economic policy, as in most other areas, actions speak louder than words. By cutting its benchmark policy interest rates, the People’s Bank of China (PBOC) has underscored the tactical More...

Global Economy / China Relaxes its Hold on Interest Rates

– Bank of China / Getty –   The People’s Bank of China (PBOC) has taken another big step towards financial reform, when they announced that they would be doing away with the floor on lending More...