Porsche Vs. Bicycle in Modern-Day Tortoise and Hare

Stephen Engle finds out if a Porsche can cross Beijing faster than a bicycle. The city has problems with traffic congestion and air pollution.

Will PBOC Pour Cold Water On Hot Bond Rally?
35:52 - China’s central bank injected cash into the financial system using 14-day reverse-repurchase agreements for the first time since February amid speculation policy makers are looking to increase the use of more expensive, longer-term funding to cool a bond rally. The People’s Bank of China auctioned 50 billion yuan ($7.5 billion) of the contracts in open-market operations at 2.4 percent Wednesday, according to a statement on its website. The central bank also offered 90 billion yuan of seven-day reverse repos at 2.25 percent. Rabobank Senior Foreign-Exchange Strategist Jane Foley discusses with Bloomberg's Anna Edwards on "Countdown."
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