For the past four years, a smart Shanghai hotel has hosted a summer get-together of Chinese regulators and policymakers. This year, as before, discussions focused on ways to build a better “ecosystem”. Yet judging by published speeches, participants once again tiptoed around the elephant in the room: the People’s Bank of China and its systemic financial repression.
过去4年来，manbetx3.0 监管者和政策制定者每年夏季都在上海一家高级酒店开会。与往年一样，今年讨论的焦点也集中在如何构建一个更佳“生态系统”。但从发表的讲话看，与会者又一次小心翼翼地与“房间里的大象”——manbetx3.0 央行及其系统性的金融抑制——打交道。
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