China’s 360B Yuan Bailout Threatens Currency and Inflation
BEIJING – On September 6, China shocked global markets with a massive financial intervention. Several of the country’s largest state-owned banks and insurance companies suddenly announced plans for a major capital boost. Beijing is pouring a staggering 360 billion yuan ($54 billion) into the bleeding financial sector. This emergency liquidity is designed to prop up a […] The post China’s 360B…
We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.
