The PBOC can do the same as the Fed in creating reserves but those are not broad economy money.
Now a case could be made about the PBOC doing the will of the CCP. That I can believe since the line is almost non existent with Xi.
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yeah it´s highly possible that they follow the CCP will
I dont see anyone saying "no" to Xi. It is not beneficial for one's life expectancy.
hahah sad but true.
I think Jack Ma found out what happens when you get too big for your britches.