Henry Kissinger’s famous question about the EU — “who do I call if I want to call Europe?” — now has a Chinese variant: who do investors turn to for guidance on Beijing’s monetary and currency policies?
Until recently, calls for clarity were met only by resounding silence, even as turmoil on China’s equity and currency markets reverberated around the world at the start of this month.
While the government and central bank have since woken up to the fact they face a communications crisis, officials and analysts say the opacity of the Communist party makes it a difficult challenge to overcome.
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