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China Evergrande a reminder to private banks of danger ahead

iStock photo by Getty Images

When a central bank unexpectedly unveils easing measures, markets often jump to one of two conclusions. One is relief that policymakers are staying on top of risks. The other is: “What do they know that we don’t?” The 6 December move by the People’s Bank of China (PBoC) — cutting the reserve requirement ratio (RRR) by 50 bps to ease…

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