China has made a fresh attempt to head off a cash squeeze by announcing the injection of Rmb300bn of emergency money into its financial system, in an uncomfortable echo of a crunch earlier this year which rattled global markets. China’s central bank said it had provided funds to cash-strapped lenders over three consecutive days, disclosing more detail than on Thursday when it first confirmed it had made the highly unusual move of “short term liquidity operations”. China’s interbank lending rates soared dangerously high on Friday. Fears of a Chinese “hard” economic landing are top of many international investors’ 2014 worry lists, but financial markets have so far seen little danger of the country’s growth prospects being seriously derailed. Global stocks have been buoyed instead this week by the smooth launch of US Federal Reserve plans to “taper” , or scale back its asset purchases. “This may put China back […]