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China's US$11 trillion economy and markets are in a tug of war

What started as a tightening in money-market liquidity has intensified to a broader attack on shadow-banking

Hong Kong

CHINA'S run of solid economic indicators proved little consolation for its shaky financial markets in April. The dichotomy stems from a shift in the leadership's focus towards reducing leverage - one that's set to determine whether growth joins asset prices in heading down....

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