China’s monetary policy: The flawed analogy of Chinese QE

WITH China’s central bank injecting cash in the financial system to support growth, commentators have been quick to dub it the start of Chinese-style quantitative easing. Analogies can be useful for explaining complex financial matters, but in this instance the comparison is more misleading than helpful. “QE” is a poor […]

The Economist via CHINA US Focus http://ift.tt/1za535E