China Exclaims “We Were Wronged” – Demands Fed Delay Rate Hike, Reiterates Blame For Market Rout

Thursday, August 27, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/27/2015

With all mainstream media blame fingers pointing at China – because a market crash could never be America’s fault – Chinese authorities are not best pleased with the rhetoric. As we noted earlier in the week, China’s central bank blames The Fed for the market rout, and now, as Reuters reports, The PBOC has reiterated that a Fed rate hike will push EM into crisis and Yuan devaluation is not responsible for global market turmoil.

As Reuters reports,

CHINA CENTRAL BANK OFFICIAL SAYS CAN’T BLAME YUAN DEVALUATION FOR GLOBAL MARKET TURMOIL
U.S. FEDERAL RESERVE SHOULD DELAY RATE HIKE, COULD PUSH SOME EMERGING MARKETS INTO CRISIS – CHINA OFFICIAL

The Rest…HERE

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