Via MNI ... People’s Bank of China economist Ma Jun dismissing talk of China's version of Quantitative Easing
- Interbank market has accepted that the weekend expansion of a PBOC relending program means just another channel to get funding to the banking system
- PBOC is quashing talk that this means a potential CNY7 trillion injection of funds by the central bank
- Government will continue to respond to flagging economic conditions
- China Securities Journal quoting analysts in coverage of yesterday's inflation report ... saying that rate and reserve cuts are "high probability events" in the fourth quarter
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MNI with the news from the China Securities Journal
