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China's already started bailing out its banks, says UBS

Friday, August 12, 2016 - 05:50

Abu Dhabi

THE good news is that the capital raises have begun. The bad news is that they need to continue.

An analysis of 765 banks in China by UBS AG shows that efforts to clean up the country's debt-ridden financial system are well underway, with as much as 1.8 trillion yuan (S$

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