Howard Davies, Chinese Finance Comes of Age, in Finance in the 21st Century, Project Syndicate, 23 giugno 2011.
«The authorities in Beijing, especially the CBRC and the People's Bank of China (the real central bank), have a good record of managing incipient booms and busts. . . . They have considerable flexibility, owing to a range of policy tools, including variable capital and reserve requirements and direct controls on mortgage lending terms. They have already been tightening the screws on credit growth for several months, with positive effects.»
