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Off another 0.5% overnight even as the PBOC reportedly eased cash-crunch concerns for the...

Off another 0.5% overnight even as the PBOC reportedly eased cash-crunch concerns for the banking system, stocks in Shanghai (FXI, CAF) fell 4.1% on the week and are off 11% thus far this month. "Balancing growth would be achieved easier by boosting consumption, not by restricting credit," says Credit Agricole's Dariusz Kowalczyk, expecting more steps to ease liquidity for lenders.
Comments (1)
  • More stimulus from China is needed to compensate the much feared tapering.
    21 Jun 2013, 07:08 AM Reply Like
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