Zhou Speaks, Markets Calm and China's Policy Fog Begins to Lift

  • Central banker reassures global investors on economy and yuan
  • PBOC liquidity injections and lower market rates ease turmoil

China Economy Remains Strong: Zhou

Throughout much of China’s stock market storm in January, People’s Bank of China Governor Zhou Xiaochuan seemed to have dropped out of sight. It fell to underlings to comment on the panic selling at the Shanghai and Shenzhen stock exchanges and widespread investor confusion about the government’s strategy on the yuan, widening capital outflows and decelerating economic growth.

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