LIQUIDEZ GLOBAL. UN DÍA AGITADO ...
. Reuters. "Chinese stocks post biggest fall in decade", Financial Times

La caída en la Bolsa de Shanghai (-8.84%) anuncia un día agitado en los mercados financieros. Como es habitual, decenas de argumentos serán presentados por los periodistas para intentar explicar el hecho. Si tuviera que elegir, me referiría a las presiones inflacionarias en la periferia del Nuevo Bretton Woods:

The market was hit by several negative rumours in late trade, including talk of an imminent interest rate hike after poor inflation data in the past two months. The [Chinese] central bank raised bank reserve requirements on Sunday.

No encontré el anuncio en la página web del Banco Popular de China. Sí figura, en cambio, el anuncio del aumento de encajes de enero de 2007, y tiene este interesante comentario:

In response to the liquidity dynamics, the PBC has decided to make another upward adjustment of the reserve requirement ratio in order to consolidate the effects of macroeconomic management. The PBC will continue to implement a sound monetary policy, and take measures to guide money and credit to grow at an appropriate pace in order to contribute to sound economic performance.