Sunday, July 7, 2013

China signals will cut off credit to rebalance economy

2013-07-06 ? reuters.com

``China said on Friday it would cut off credit to force consolidation in industries plagued by overcapacity as it seeks to end the economy's dependence on extravagant investment funded by cheap debt.''



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Source: http://implode-explode.com/viewnews/2013-07-06_Chinasignalswillcutoffcredittorebalanceeconomy.html

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