Posts Tagged ‘Cash Squeeze’
Markets Feel the Pain of China’s Cash Squeeze
Sunday, January 16, 2011 9:32 No CommentsCopper, oil and Asian stock prices went into spasm after the Peoples’ Bank of China renewed its assault on inflation and syphoned about GBP 33.4 billion from an economy widely seen as the new driver of global growth.
Beijing’s policy-tightening gambit came in the form of another substantial rise in the amount of capital that the [...]
