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> "The People's Bank of China and other top financial regulators have tried to reassure the public that Evergrande's problems can be contained. The central bank
by mdrzn 5y ago
> "The People's Bank of China and other top financial regulators have tried to reassure the public that Evergrande's problems can be contained. The central bank on Monday also announced that it would pump $188 billion into the economy, apparently to counter the real estate slump."
I guess it's all fine then. Nothing to worry about. Keep walking. /s
- worstestes 5y agoWhat are the ramifications of the PBoC “pumping” money like this?
- AnimalMuppet 5y agoWe all wish we knew. One thing I think is interesting: $188 billion? That should be about the scale that PBoC estimates the losses will be. That number might be a lot bigger than just Evergrande...
- deleted 5y ago[deleted]