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By John Richardson
LAST week’s decision by China to give its banks the freedom to compete for borrowers, by removing the floor on lending rates, has been praised by most analysts.
“This is one of the biggest steps they could …
As I’ve been warning on this blog for some time, the explosion of credit in China has created a great deal of paper-bottomed optimism over the recovery.
Fitch, the ratings agency, has just raised its macro-prudential risk indicator ffor China …