Summary | The joint document has, however, changed all the
dynamics."The direct swap plan hinges on adjustment in banks'
from loans to bonds.Thus it would not lead to huge capital
infusions," Pan said."Banks have a high acceptance of local
government bonds.It should not be regarded as quantitative
easing.| People's Daily Online | China.org.cn| CNTV | China.| ...
dynamics."The direct swap plan hinges on adjustment in banks'
from loans to bonds.Thus it would not lead to huge capital
infusions," Pan said."Banks have a high acceptance of local
government bonds.It should not be regarded as quantitative
easing.| People's Daily Online | China.org.cn| CNTV | China.| ...
en.ce.cn | 15 May 2015