The market is awaiting the PBOC’s moves after both onshore and offshore Yuan broke key resistance levels. However, aggressive injections of cash will likely not be taking place as this exacerbates the increasing risk of a liquidity trap.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/07/18/Chinas-Market-News-PBOC-Signs-of-a-Liquidity-Trap-Emerge-in-China-.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news
China’s Market News: PBOC: Signs of a Liquidity Trap Emerge in China
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