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China central bank holds line on shadow banking as rates spike – Reuters


BBC News

China central bank holds line on shadow banking as rates spike
Reuters
By Gabriel Wildau and Jason Subler. SHANGHAI/BEIJING | Fri Jun 21, 2013 4:24am EDT. SHANGHAI/BEIJING (Reuters) – China's central bank faced down the country's cash-hungry banks on Friday, letting interest rates again spike to extraordinary levels as 
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