PBOC Set to Look Through Credit Pain as it Tapers Stimulus
Chinese one-hundred yuan banknotes are arranged for a photograph in Hong Kong. (Photographer: Paul Yeung/Bloomberg)

PBOC Set to Look Through Credit Pain as it Tapers Stimulus

(Bloomberg) -- China’s central bank remains on course to taper its emergency support even as a string of defaults by government-linked companies sends tremors through the credit markets.
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