PBOC moves in step with the U.S. Fed.

Fed tightening and Trump's trade threats top the list.

Fed tightening and Trump's trade threats top the list.

Central bank is switching gears after past stimulus steadied economy.

Central bank is switching gears after past stimulus steadied economy.

Hefty U.S. tariffs on Chinese goods would hurt world trade too.

Hefty U.S. tariffs on Chinese goods would hurt world trade too.

BAT made $47 billion buyout offer for Reynolds in October.