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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

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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