Is this the end of cheap money from China?

China’s “cheap money” era may be coming to an end, as the amount of debt available in the country’s economy plunged more than $200 billion – or roughly 20 percent – during the first quarter of the year. The sudden credit crunch comes as the Chinese government looks to curb high levels of borrowing that have fueled the economy’s growth. “The fall in the outstanding amount of broad social financing is bigger than expected,” Ding […]

Source: Real Estate

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