China’s Baby Steps Toward Economic Disaster

The longer China’s economy stalls, the lonelier Zhou Xiaochuan, governor of the People’s Bank of China, is certain to get. There’s simply no playbook for a central banker facing so many competing challenges: deflation, excessive debt, chaotic global financial markets and vested interests resisting reform. Zhou seems to have little choice but […]

Bloomberg via CHINA US Focus http://ift.tt/1RB0hUQ