Everyone loves a good deal. Last week saw an enthusiastic market response to China’s issuance of its first euro-denominated government bonds for 15 years. But this was more than just a successful bond launch.Beijing’s timing isn’t accidental, with borrowing costs in...
China’s central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will...