Yi Gang, the newly appointed central bank governor, said China will stick to a practice of prudent monetary policy. Photo: Reuters

Is China’s ‘cheap money’ era over as credit shrinks and interest rates rise?

Credit in China’s economy plunged an unprecedented 20 per cent in the first quarter as banks were allowed to raise their interest rate ceilings, indicating an era of easily available cheap funds has ended

Topic |   China economy

TOP PICKS

Yi Gang, the newly appointed central bank governor, said China will stick to a practice of prudent monetary policy. Photo: Reuters
READ FULL ARTICLE