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China's leverage crackdown gets shrug from markets

An investor at a brokerage office in Beijing. Markets are generally unperturbed as Chinese policymakers have delivered the goods, with growth at near 7%, stoking corporate earnings even amid the clampdown on leverage.


THE Chinese leadership has this year made its strongest commitment yet to curb financial risks and rein in spendthrift local officials, yet the campaign has spurred barely a ripple of concern among global investors.

In a recent survey, China hardly registered on the list of...

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