China raises market rates to fend off financial risks; growth moderates
Data shows impact of effort to wean China off addiction to debt; output, investment property take breather
Fri, Dec 15, 2017 - 5:50 AM
Analysts believe PBOC's rate hikes will not impede activity, though they signalled a commitment to continue curbing leverage.
CHINA'S central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperilling the economy, a balancing act that they have managed successfully so far this year as activity remained broadly steady...