China's National Development and Reform Commission (NDRC): Caught in The Liquidity-Credit Dichotemy |
| April 16, 2016 | April 2016 Bond Updates |
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When we were all "starving" graduate students, we used to take our children around town on the bus. One day a friend confided, “My daughter never asked where babies come from, but yesterday there was a breakthrough. She asked who owns the coins in the coin box: the driver or somebody we don’t see?" |
| View more at: http://www.forbes.com/sites/annrutledge/2016/04/15/chinas-national-development-and-reform-commission-ndrc-caught-in-the-liquidity-credit-dichotemy/ |