China’s monetary tightening seen as a ‘warning to the public’ to cool market expectations ahead of holiday

China’s central bank has once again drained money from the financial system in the midst of market concerns that its stimulative monetary policy has reached a “turning point” in the face of weakening economic data due to fresh coronavirus outbreaks.Even though the world’s other major economies, particularly the United States, are mulling new stimulus packages to combat the economic damage caused by the pandemic, Beijing has been considering fine-tuning some of its temporary support policies…

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