China's Credit Crunch Signals How Serious Beijing Is About Reform

China’s Credit Crunch Signals How Serious Beijing Is About Reform So what to make of China’s June credit crunch, the worst in at least a decade, which saw interbank lending rates reach a new high? On June 20, the overnight repurchase rate set a record at 13.91 percent, before the People’s Bank of China, China’s …

Full News here – Read more on Businessweek