Reading between the lines
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Trivium Markets keeps you briefed on the latest developments in China markets policy.
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What’s in a number?
That’s the question that’s got Chinese economists buzzing.
On Monday and Tuesday, the central bank (PBoC) drained RMB 167 billion from China’s money markets during open market operations (Caixin).
That’s a lot, but it's reasonable given that the PBoC injected RMB 700 billion dur...