China

China's Central Bank Asked Fed For 1987 Playbook

China's central bank reached out for help: On July 27, 2015 an email was sent from the People's Bank of China to counterparts in the U.S. central bank. The subject header, "Your urgent assistance is greatly appreciated!" might have seemed like SPAM promotional email. But it was in fact very real, revealing an urgency that came from . . .

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