That's simply because people think the appreciation was not big enough and fell short of market expectations.
More Quotes from Li Ruoyu:
I know some songs popular on the campus are not good, and I really want to learn vivid, good ones, but so far I fail to find only a few.Li Ruoyu
The increasing savings show a shrinking domestic demand. That is partly due to the government's efforts to cool down the real estate industry, and people finding a narrower channel for investment.
Li Ruoyu
Monetary policy has to be somewhat accommodative, since a tightening in credit will likely cause liquidity difficulties in businesses that are suffering from overcapacity.
Li Ruoyu
It indicates the central bank still wants to keep its control of money and has no intention to get expansive. It is still emphasizing prudence.
Li Ruoyu
I don't think the jump is mainly caused by the revaluation of RMB. The main reason, I believe, is that commercial banks are tempted to put money in the inter-bank market where potential risks are lower than lending.
Li Ruoyu
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