We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Insoluble Chinese puzzle

10 June 2008 By Martin Hutchinson

China raised bank reserve requirements five times this year its latest move caused a stock market rout. But it hasn’t touched interest rates. It fears higher real rates will attract hot money. Global liquidity tightening is the only solution to its inflation woes.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)