Buy My IOU – Sell Your Government IOU For CASH

A Chinese manufacturing index declined in April from March, indicating that growth may moderate in the world’s second-biggest economy after the government raised interest rates and allowed faster gains in the yuan.
BusinessWeek.com — Finance

China’s shift to a “prudent” monetary policy will be followed by moderate and gradual interest-rate increases and officials “won’t slam on the brakes” overnight, Li Daokui, an academic adviser to the People’s Bank of China, said in an interview today.
BusinessWeek.com — Finance