2min chapter

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Chinese Policymaking Made Easy with Trivium China

ChinaTalk

CHAPTER

The PBOC's Stance on Monetary Policy Is Frustrating

The People's Bank of China also acknowledges how many fires it's trying to put out when it says a quote, comprehensive balance should be established within these multiple objectives end quote. So we are not looking at NGP targeting at 3% and that's all we're up to, right? I mean, reading the... They never take any goals out is the problem. The PBOC puts the Fed to shame in terms of inscrutability for sure.

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