But recent comments from top officials suggest the bank wants to clamp down hard on rising prices and is adopting a more hawkish tone.

WSJ: Investors Seek Clarity From People's Bank of China

It is hard, indeed boring, to read at one go, and Wesley Hagood's tone is confused: he applauds stud behaviour but can sound also like an apprentice inquisitor.

ECONOMIST: The Clinton scandal is getting the books it deserves