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CHINA PRESS: China should beware of instances of liquidity shortage as it pushes
forward the financial deleveraging campaign, Securities Daily commented Tuesday
on its front page.
- Recent capital market indicates liquidity issues;
- From Jan 25 to Feb 9, the Shanghai Composite plunged about 12%, which can be
attributed to the monetary policy curbs, Daily said.
***Comment: It's expected that some within the public opinion sphere will oppose
the singular push by regulators. But since President Xi Jinping has made it the
top priority, it's unlikely that PBOC will loosen the noose.