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.
Wang Tao, China economist at UBS AG in Beijing, comments by e-mail today on the 50-basis-point reserve requirement ratio increase by China’s central bank, to take effect Jan. 20.
"We see a bit of calm returning to the equity and oil markets, so gold takes a back seat again."
- Wang Tao on Jan 07, 2015
UBS’s Wang Tao Says Chinese Economy Will `Pick Up’