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What's really behind China's cash crunch

When it comes to the economy, China's policy makers have often been criticized for a heavy-handed approach, stepping in at the first signs of trouble. That makes the reluctance by the central bank to pump in cash and alleviate a credit squeeze for local lenders highly significant, analysts say.

How China Could Douse Optimism From the Fed

Concerns about a liquidity crunch in the world's second largest economy, reflected by an unsuccessful bond auction last week and a spike in interbank lending rates, threaten to derail financial markets just as the US Federal Reserve is expected to restore some calm this week.
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