Or for those living under a rock
China stocks had a big fall yesterday, not only on follow-through but on concerns about tightening liquidity and potential for property-investment restrictions.
The Wall Street Journal has a good summary: First Signs of Tightening in China Policy (gated)
With several months of data confirming growth is back on track, and prices for everything from food to real estate picking up, the focus of China’s monetary policy is shifting from supporting growth to controlling inflation.
And this from the South China Morning Post, along similar lines, and handy if you can’t get hold of the WSJ article: