June 23: Credit crunch hits China

http://www.wsws.org/en/articles/2013/06/22/chin-j22.html Credit crunch hits China By John Chan 22 June 2013 After the US Federal Reserve on Thursday indicated a possible end to quantitative easing, there was a major outflow of speculative “hot money” from Asia and other emerging economies. In China, a credit squeeze by the country’s central bank turned into a credit crunch. […]