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More lack of clarity from the SOE People's Bank of China, as might be expected from what is nothing other than a communist party-run state bank.
Jun 13, 2016 01:54 PM
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"It's a very curious situation," said Gary Hufbauer, senior fellow at the Peterson Institute for International Economics in Washington. "There's no clarity."
The conflict with foreign media is not the first time that China has warned of possible legal action in defense of its exchange rate policies.
Evidently, too much "clarity" is "destablizing." A little too much of that can get your Chinese correspondents hit with a lawsuit.
Jun 27, 2016 11:27 PM
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