When China went to the Fed for help

In Uncategorized on 23/03/2016 at 10:24 am

Goh Meng Seng and Uncle Redbean will never tell u this: even China needs the Fed’s help.

NYT Dealbook reports

How China Asked the Fed for Its Stock Crash Playbook Confronted with a plunge in its stock markets last year, China’s central bank reached out to the Federal Reserve, asking it to share its playbook for dealing with Wall Street’s “Black Monday” crash of 1987.

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