Four years after China´s cash crunch, has `Mother PBOC´ spoiled her `kids´?
(WorldNews China)

Four years after a crunch hit China’s money market, the People’s Bank of China remains haunted by it, and those fears could hinder Beijing’s efforts to stave off a real financial meltdown. What happened this week four years ago gave China possibly its closest taste of a financial crisis as the overnight borrowing rate between banks surged to 30 per cent. The squeeze occurred partly because the PBOC was trying to exit a super-loose policy by reducing a cheap credit supply. The......