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China's US$9 trillion bond market showing signs of distress
Published Wed, Dec 21, 2016 · 09:50 PM
Shanghai
CHINESE officials cheered on the country's stock market when it reached heady new highs, offering hope that it could become a new source of money to fix China's economic problems. Then, last year, the market crashed.
Now, another fast-growing part of China's vast and increasingly complicated financial market is showing signs of distress: its US$9 trillion bond market.
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