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China raises market rates to fend off financial risks; growth moderates

Data shows impact of effort to wean China off addiction to debt; output, investment property take breather

Analysts believe PBOC's rate hikes will not impede activity, though they signalled a commitment to continue curbing leverage.


CHINA'S central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperilling the economy, a balancing act that they have managed successfully so far this year as activity remained broadly steady.

The world's second-

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