China Slams “Selfish” Fed Hike, Warns Emerging Markets Still “Naked” At Low Tide

For those unaware, Beijing has a hilarious habit of trolling America via the long list of Party mouthpiece news outlets at its disposal. Topics for these "opinion" posts run the gamut from foreign policy to markets and on Thursday evening, a particularly amusing piece showed up on Economic Information Daily. Needless to say, the yuan's "soft" peg (and I use that term loosely because it's only soft when the PBoC needs it to be) to the dollar means that PBoC policy is effectively tethered to Fe