Overnight Shibor Jumped the Most Since July

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Oct. 28 (Bloomberg) –- Bloomberg’s Mia Saini reports on China not pumping money into the economy despite data that shows the economy is slowing. She speaks to Rishaad Salamat on Bloomberg Television’s “On The Move Asia.” (Source: Bloomberg)

This also happened in june.

This time there is a sense of people being pretty sanguine about this.

We look at what has actually changed.

Some people say this is actually good news.

We don't expect a june cash crunch now.

If you take a look, it is essentially the rate on average of those offered.

It is a rate set on a daily basis from these big banks.

We know it is a lot lower from what we saw in june.

They were hoping to push up because they wanted to make sure the banks had enough wrote action.

They intervene absolutely.

There was a sense that they go in and massage it.

They are withdrawing liquidity.

What we also know is perhaps there is no reason to be fearful about what is going on because we know china is going to hold a special session and they will attack these important things.

They are going to look into banking and local government debt in the sense they are going to scale back government debt.

That is part of the reason you are not going to see some of the paranoia you saw over the summer when it was at a very high level.

There is a belief growth targets can be met.

That is also providing confidence.

Investors think about cash.

Many think we are going to hit the target, so there are a variety of things you can see that are hinting at the fact we are seeing stabilization.

I mentioned gdp is pretty strong.

Others are rising to almost $4 trillion.

They are beating the official goal.

What does that mean?

That essentially looks at the amount of money in circulation, so these are all good signs.

This is why when you take a look you should not think it is a reason to warrant.

It is being managed, perhaps not to the extent it was over the

This text has been automatically generated. It may not be 100% accurate.


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