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Fed rate hike spells crisis for China's banks

Friday, June 17, 2016 - 06:26

Independent Economist Andy Xie tells Reuters’ Kimberley Lim that China’s banks, already heavily indebted, will plunge into a crisis of liquidity when the Federal Reserve raises interest rates.

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Fed rate hike spells crisis for China's banks

Friday, June 17, 2016 - 06:26