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Beijing's clampdown on leverage costing China markets billions

The upheaval hasn't reached crisis levels yet but some money managers are bracing for more turbulence
Tuesday, May 9, 2017 - 05:50

Hong Kong

HOW much pain can Chinese leaders stomach? It's becoming a key question for investors as the government's stepped-up campaign to rein in financial leverage ripples through markets.

The clampdown has erased at least US$453 billion from the value of Chinese stocks and bonds

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