China’s economy took a knock from the Delta virus outbreak in August, thereby accentuating signs of a slowdown in growth in the second half of the year and fueling speculation of more central bank support. During the month under review, the official purchasing managers surveys showed the services industry contracted for the first time since […]
Tag: China’s Central Bank
China Central Bank Official Says Bankruptcy May Benefit Country
A Chinese central bank official said China should allow local governments to go bankrupt to help rein in regional authorities’ excessive borrowing