The People's Bank of China is tightening the liquidity tap to counter a weakening yuan. Photo: Bloomberg

China’s central bank raises obscure rate to send clear message

People’s Bank of China signals it is no longer willing to provide limitless cheap funds

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The People's Bank of China is tightening the liquidity tap to counter a weakening yuan. Photo: Bloomberg
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Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.