China's Credit Crunch Felt Across Financial Markets

The lending rate between Chinese banks spiked dramatically on Thursday, creating a credit crunch. Renee Montagne talks to NPR Shanghai correspondent Frank Langfitt about the turbulence in China's banking system, and how authorities in Beijing are responding.

Source: http://www.npr.org/2013/06/21/194131662/chinas-credit-crunch-felt-across-financial-markets?ft=1&f=1006

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