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China caught in a conundrum over economic policy

Central bank governor Yi’s calming message fails to ease market and currency concerns as NIFD warns of ‘financial panic’ in leaked report

  • Gordon Watts
  • Asia Times

Stay calm and don’t panic.

Sound advice.

ChUs 1a glags LLLLBut it appears no one is listening to Yi Gang, the People’s Bank of China governor. As fears grow of a trade war between Beijing and Washington, the…

Last week, Yi called for investors to “remain calm” after the benchmark Shanghai Composite Index dropped 3.78%, dipping below the psychological 3,000-point barrier, while the…

Since then, Shanghai…

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