The People’s Bank of China say corporate cash hoarding is “not necessarily related to” or a “criterion” of a “liquidity trap”. Photo: SCMP Pictures

Central bank denies China at risk of liquidity trap

Official statement contradicts earlier speech by PBOC chief statistician

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The People’s Bank of China say corporate cash hoarding is “not necessarily related to” or a “criterion” of a “liquidity trap”. Photo: SCMP Pictures
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