HONG KONG -- China's economy faces growing deflationary pressure, and its central bank is trying to keep pessimism at bay by pushing up interest rates.
China's central bank faces an "impossible trinity": simultaneously controlling interest rates, keeping the exchange rate stable and keeping the economy open. (Source photos: Kosaku Mimura; Reuters)
Market Spotlight
China's central bank battles perceptions that deflation is taking hold
Markets skeptical central bank can maintain effort to push up rates
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