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China's monetary balancing act getting harder
Published Wed, Mar 1, 2017 · 09:50 PM
Shanghai
CHINA'S central bank faces a dilemma: raise borrowing costs and potentially undermine the nascent economic recovery or hold firm and risk spurring capital outflows as Federal Reserve policy tightening cuts into the country's interest-rate advantage.
The People's Bank of China is trying to take the middle road, boosting money-market rates as a …
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