The month-end liquidity crunch that saw short-term money rates surge to as high as 50 percent appears to be less an “accident” than an early sign of a financial crisis that is threatening to fully erupt in China.
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The month-end liquidity crunch that saw short-term money rates surge to as high as 50 percent appears to be less an “accident” than an early sign of a financial crisis that is threatening to fully erupt in China.