The People's Bankof China is "trying to cool down the market by suspending gov[ernment] bond buying," said Larry Hu, chief China economist at Macquarie. BEIJING — The Chinese central bank ...
China’s central bank kept a key policy rate steady while injecting liquidity into the financial market, signaling that it may hold benchmark rates unchanged for longer.
In China, much of the public has lost confidence ... By temporarily suspending its own purchases of government bonds, the central bank is removing one source of demand for bonds.