China: Catching a Falling Knife

The People’s Bank of China is effectively funding an effort by a group of brokers to buy equity (to the tune of about $20 billion) in an attempt to stem the massive selloff in Chinese stocks. The news barely checked the relentless decline, which I will expect will resume with a vengeance. In other words, […] View the full post at: China: Catching a Falling Knife Related posts: China’s Non-Performing Loans Down in 2009 S&P Concerned of Lending Growth in China China Sees Limited Impact from Financial Turmoil