China Has No Choice

By |2019-03-05T12:51:57-05:00March 5th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

China’s central bank was given more independence to conduct monetary policies in late 2003. It had been operating under Order No. 46 of the President of the People’s Republic of China issued in March 1995, which led the 3rd Session of the Eighth National People’s Congress (China’s de facto legislature) to create and adopt the [...]