China’s Central Bank Has Its Own Worries

While developed economies have worried whether international investors will keep showing up at their bond auctions if their central banks keep printing money, China has had a different worry.

So many speculators want to move money into China that its biggest problem has been how to keep them out.

In the United States, the European Union and Japan, central banks have struggled with hangovers from past housing bubbles, anemic or no economic growth and even deflation, in the case of Japan. In China, a possible housing bubble is still going strong.

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Keith Bradsher, New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/XJ5DrI310-M/