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Posted Sunday, November 22nd, 2015 at 11:51 pm by in .Edit this post More in

What company are you calling from? persuasive essay global warming In fact, a week after the most acute phase of the crunch, Central Bank Governor Zhou Xiaochuan declared that the cash crunch was a reminder to lenders “to adjust their asset businesses.” He also called for the market to “discover and correct” excessive lending. China has some specific ideas as to what “excessive” lending it would like to curtail, and what kind of lending it considers “supportive” of appropriate economic growth. In this case it appears that China used its largest state-controlled lenders to provide cheap funds to banks whose behavior the government deems helpful.

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