Chinese central bank feeling the pinch
by Vinay Gupta • September 10, 2008 • The Global Picture • 0 Comments
Now the central bank needs an infusion of capital. Central banks can, of course, print more money, but that would stoke inflation. Instead, the People’s Bank of China has begun discussions with the finance ministry on ways to shore up its capital, said three people familiar with the discussions who insisted on anonymity because the subject is delicate in China.
http://www.nytimes.com/2008/09/05/business/worldbusiness/05yuan.html