Liquidity squeeze bleeds equities
By Wu Yiyao and Xie Yu in Shanghai and Chen Jia in Beijing | China Daily | Updated: 2013-06-25 06:55
Central bank says lenders must solve their own credit problems
The central bank hinted on Monday it won't shore up liquidity to address the credit crunch, a move analysts said reflects top policymakers' increasing tolerance for slower growth.
The central bank said on Monday in a circular that the liquidity level of the financial system was "reasonable" and urged lenders to strengthen their control of credit expansion.
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