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China's deleveraging pain puts investors on alert for signs of contagion

A construction site in Baoding, in China's Hebei province. Credit in China has boomed in corporate and local-authority spheres, inflating prices of everything from commodities to property and stocks.


WHAT may be shaping up as China's most concerted effort yet to bring its credit boom under control is spurring investors to gauge any contagion to broader financial markets, a-la 2015, when Chinese turmoil caused global ructions.

Policy makers' moves to crack down on leverage...

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