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China finds itself strapped for cash for the first time in years, Notebook

China finds itself strapped for cash for the first time in years

On Friday international media reported that China’s central bank faced down the country’s cash-hungry banks by allowing interest rates to spike again to extraordinary levels, while it increases pressure on the banks to rein in speculative trading and wide-spread informal lending.

By | Notebook | Tuesday, 25 June 2013 at 4:53 pm

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