China Needs a Grown-Up Central Bank

Zhou Xiaochuan is governor of the People’s Bank of China. But among some financial types, he’s earning another, less enviable title: the killer of weekends. On May 10, Zhou announced a surprise interest rate cut, forcing anyone with a stake in the Chinese economy to put a premature end to […]

Bloomberg via CHINA US Focus http://ift.tt/1AjOTaz