The People's Bank of China does make such statements quite regularly, but right now they are particularly strident.
Coming up very soon is this:
This is the biggest political event each year. 400 state leaders, ministers, military chiefs, provincial bosses and top academics attend.
It would be a very bad look indeed if markets in China were perceived to be out of control on approach to, and during, this #1 event on the political calendar.
The state planner (the National Development and Reform Commission of the People's Republic of China (NDRC)) has already brought the coal market to heel with threats of intervention. The 'National Team' will be on stand-by should equity markets begin to slip.
