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China feeling pinch of credit crunch

It's due to deliberate central bank policy shift to rein in credit growth, survey says
Friday, December 6, 2013 - 06:00

CHINA'S effort to rebalance its economy has a mirror image in finance and it's called credit crunch. This week, the global industry grouping for finance professionals, the Association of Chartered Certified Accountants (ACCA), declared that "the long-predicted credit crunch in China has well and

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