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.
"This reported property policy loosening marks the first major relaxation of mortgage lending rules, which should effectively lower both the down payment requirement and mortgage rates for some second home buyers."
- Wang Tao on Sep 23, 2014
UBS’s Wang Tao Says Chinese Economy Will `Pick Up’