Hours after a creditor and his gang of tattooed thugs hustled Zhong Maojin into a coffee shop in Wenzhou, he says he wouldn’t yield to their demands.
Wang Tao, an economist with UBS AG in Hong Kong, comments on the widening of the yuan’s trading band by the People’s Bank of China.
"The cut is mainly to lower financing costs and reduce financial risks."
- Wang Tao on Nov 21, 2014
UBS’s Wang Tao Says Chinese Economy Will `Pick Up’