The world has finally woken up to the magnitude of what is happening in China.
Sourced through Scoop.it from: globserver.cn
What this reveals is that there is still a fundamental tension in China between a desire to intervene and a desire to let market forces operate,” says Fred Neumann, chief Asia economist at HSBC. That could affect whether the International Monetary Fund includes the renminbi in its appropriate drawing rights, or whether China’s A-shares gain access to the MSCI Emerging Market index. Certainly,