Reported because of the sensational title. Original subject line: China’s Crusade against risks is plaguing financial markets. The article is specifically about financial markets, and it’s not about austerity, it’s about debt relief:
PBOC Governor Yi Gang said on Sunday that China still has room to pump liquidity into the economy while keeping the leverage ratio steady.
“We remain optimistic that China can manage the write-off without a credit crunch or a difficult landing,” UBS Global Wealth Management’s investment office wrote in a report dated March 3. 3 led by Mark Haefele and Min Lan Tan.